Veolia buys PPC
Czech Natland Group (Tomáš Raška) has sold the Bratislava-based heat and power producer PPC Investments to French Veolia. The anti-trust authority PMÚ is reviewing the deal. Natland has been offering the company for sale for over six months, and the largest foreign and local strategic and financial investors were among the suitors. PPC had been owned by Penta, which sold it in 2014 to local Istroenergo Group. Natland acquired the company in 2016. Last year, PPC Investments made a net profit of €1.2m thanks to tripling its sales to €28.0m.