Infracapital has sold GGE, a Slovak energy group engaged in the production and distribution of heat and electricity with gas-powered generation assets and district heating networks across six locations in Slovakia.
Unicapital Energy, part of Creditas Group, agreed to acquire a 100 percent stake in GGE, establishing a strong foothold in Slovakia as part of a broader international expansion strategy. Financial terms were not disclosed.
GGE operates an in-house supply and trading arm, sourcing the fuel needed for heat and power production and supplying electricity and gas to external customers. The group also provides complementary balancing and ancillary services to the grid operator and other generators.
Infracapital acquired GGE in 2015, and transformed the business during nine years of ownership, delivering numerous successful initiatives, including increasing profitability, installing a new management team, establishing a new commercial strategy and improving
