Rymarz Zdort Maruta advises Fortum on conclusion of Orange Energia acquisition agreement

We are pleased to announce that we advised Finnish energy group Fortum on the conclusion of an agreement for the acquisition of Orange Energia, a subsidiary of Orange Polska engaged in the sale of electricity to end users, including households and small and medium-sized enterprises. The value of the transaction is expected to ultimately amount to approximately PLN 120 million. As a result of the transaction, Fortum will acquire one of the largest independent energy suppliers in Poland.

The transaction is subject to approval by the Office of Competition and Consumer Protection and is expected to be finalised in the second half of this year. The acquisition of Orange Energia is in line with Fortum’s strategic priorities, which include providing reliable and clean energy, and supporting the decarbonisation of customer processes and the transition to clean energy.

Fortum is the largest energy supplier in the Nordic region, serving more than two million customers. It is also one of the cleanest energy producers in Europe, with 98 percent of Fortum Group’s energy generation based on renewable sources and nuclear power plants.

Orange Energia is one of the largest independent energy suppliers in Poland, where it serves approximately 130,000 customers.

The transaction was overseen by Paweł Zdort (managing partner) and Marek Durski (partner heading our Energy & Natural Resources practice).

The transaction team included Łukasz Lech (partner), Klaudia Kasztelewicz (senior associate), Andrzej Granat (senior associate) and Aleksandra Modzelewska (senior associate).

The antitrust aspects of the transaction were overseen by lawyers from our Competition/Antitrust practice, including Iwona Her (partner), Tomasz Kordala (counsel) and Justyna Niezgoda (associate).