RM-SYSTÉM»Události»Sale of NWR Energy

Sale of NWR Energy

11.01.2010 12:15
New World Resources N.V. ("NWR" or the "Company"), Central Europe's leading hard coal producer, announces that it has concluded the sale of its subsidiary NWR Energy, a.s. ("NWR Energy") to Dalkia Ceska Republika, a.s. ("Dalkia") for approximately EUR 122 million in cash, to be further adjusted on the basis of NWR Energy's 2009 consolidated EBITDA, performance of the electricity trading portfolio of CZECH-KARBON s.r.o. ("Czech Karbon") and net debt. The EBITDA price adjustment may result in an increase of the purchase price of no more than approximately EUR 6 million. The adjustment related to the performance of Czech Karbon's electricity trading portfolio may result in a reduction of the purchase price of no more than approximately EUR 2 million.

NWR Energy and its subsidiaries will continue to supply OKD, a.s. ("OKD") with key utilities and services under a long-term agreement.


The transaction is expected to close in early 2010, following the fulfillment of a number of conditions precedent, including approvals by relevant antitrust offices and NWR lenders.


"The sale of our energy business to Dalkia, an internationally reputed energy company, is fully in line with NWR's strategy to focus on its core activities of coal mining and coke production. We believe that outsourcing our energy supplies will enable us to further optimise our core activities. For NWR Energy, the integration with Dalkia will provide the business with the potential for further development. We are pleased with the deal and look forward to a long-term cooperation with Dalkia", said Marek Jelinek, Executive Director and Chief Financial Office of NWR.


NWR expects to use the net proceeds of the sale for corporate purposes, including possible debt prepayments.


NWR Energy, a.s.

NWR Energy's activities comprise the distribution of electricity and the supply and distribution of heat, compressed air and water. Its subsidiaries are CZECH-KARBON s.r.o., a Czech electricity trading company, and NWR Energetyka PL Spółka z o.o., a Polish company responsible for the purchase and distribution of electricity in Poland. NWR Energy and its subsidiaries generated a consolidated net profit of EUR 12.6 million during the nine months to 30 September 2009 and their consolidated total assets as at 30 September 2009 amounted to EUR 94.9 million under IFRS. The assets of NWR Energy and its subsidiaries include real estate assets belonging to the Real Estate Division of NWR, the value of which is to be determined by an independent expert.


New World Resources N.V.

New World Resources N.V. is the sole owner of OKD, a.s., the Czech Republic's largest hard coal mining company and one of the largest producers in Central Europe by revenue and volume. Serving customers in the Czech Republic, Slovakia, Austria, Poland, Hungary and Germany, the Company produced 12.7 mt of coal in 2008, 7.4 mt of which was coking coal.


Dalkia Ceska Republika, a.s.

Dalkia is a leading energy group in the Czech Republic. It is a premier heat producer and distributor, generates electricity, and provides energy and ancillary services to Ceska prenosova soustava. Dalkia is a leader in cogeneration on the Czech market. It has been doing business in the Czech Republic since 1991 and it currently employs 2,700 people. Its 2008 turnover reached CZK 10.98 billion, resulting from the sales of 18,394 TJ of heat and 2,065 GWh of electricity. Its installed thermal capacity equals 3,813 MWt and its installed electrical capacity stands at 547 MWe. Dalkia Group in the Czech Republic includes Dalkia Ceska republika, Dalkia Usti nad Labem, Dalkia Kolin, Dalkia Marianske Lazne, Olterm&TD Olomouc and AmpluServis.


For further information please contact:


New World Resources N.V.

Investor Relations Corporate Communications

Tel: +31 20 570 2270 Tel: +420 225 282 163

Email: ir@nwrgroup.eu Email: petra.masinova@okd.cz


Website: www.newworldresources.eu


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