Kretinsky's EP Energy Transition acquires remaining stake in Germany's LEAG from PPF

EP Energy Transition, a subsidiary of billionaire Daniel Křetínský's EP Corporate Group (EPCG), has taken full control of German energy company LEAG. It acquired a 30 percent stake from PPF, becoming the sole shareholder in the German company. EPCG spokesperson Daniel Častvaj informed the Czech News Agency (ČTK) of the deal today. The companies did not disclose the acquisition price.

German company Lausitz Energie (LEAG) is one of the largest energy companies in eastern Germany. It is mainly engaged in electricity generation. The company is currently planning a transition from coal-fired sources to renewable energy sources.