RNS Number : 4814C
International Power PLC
13 November 2009
International Power Completes Sale of Czech Business to J&T Group
(London - 13 November 2009) Further to our announcement on 1 July 2009, International Power is pleased to announce that it has successfully completed the sale of its entire Czech business to the Czecho-Slovak investment firm J&T Group. The sale comprises the wholly-owned Czech subsidiary International Power Opatovice (IPO), as well as IPO's interests in its joint ventures Pražská Teplárenská (PT) and Energotrans (ET). The sale of the business generated net cash proceeds to International Power of CZK17.6 billion (£619 million) and an after tax profit on sale of some £420 million.
Notes to Editors:
An exchange rate of £1:CZK28.42 has been applied in this announcement.
For further information please contact:
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Investor Contact:
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Media Contact:
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Hillary Berger
Telephone: +44 (0)20 7320 8681
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Beth Akers
Telephone: +44 (0)20 7320 8622
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About International Power
International Power plc is a leading independent electricity generating company with 32,358MW gross (20,648MW net) in operation and 3,320MW gross (1,018MW net) under construction. International Power has power plants in operation or under construction in Australia, the United States of America, the United Kingdom, Belgium, Canada, France, Germany, Italy, the Netherlands, Portugal, Spain, Turkey, Bahrain, Oman, Qatar, Saudi Arabia, the UAE, Indonesia, Pakistan, Puerto Rico and Thailand. International Power is listed on the London Stock Exchange with ticker symbol IPR. Company website: www.ipplc.com.
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