Penta tries for Europe’s biggest heating network

Slovak and Czech equity and investment company Penta Investments Ltd is making a bid to acquire the largest heating network operator in the EU, Warsaw-based company SPEC SA.

It could be competing with up to 20 more companies for the lucrative investment, although exact numbers are not yet known as they had to meet yesterday’s initial deadline for tenders.

The basic asking price is around EUR 188.5 million, but the final price could be higher depending on the various initial bids.

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