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The consolidation of business activities of Seven Energy enters the final phase

5 August 2018 | ΑΠΕ-ΜΠΕ | Interview with Alan Svoboda, Executive Director of Seven Energy

The spin-off of trading activities of Seven Energy group to Sev.en Commodities AG was successfully concluded on 1. 8. 2018 when the new group trading company has commenced the commercial activities – trading power, coal and carbon allowances in Europe.

Sev.en Commodities AG’s headquarter is located in Liechtenstein, regional business activities are executed via its branch office in Prague. The branch office is also responsible for all business activities in the Czech Republic except the legacy long-term transaction between Vršanská uhelná a.s. and ČEZ a.s.
As the branch office is incorporated in the Czech Republic and has taken over the existing power and coal contracts with the group customers, it will comply with all related regulations and will pay the taxes and duties in the Czech Republic. The branch office will also commence the sponsorship and support to the regions the Seven Energy group operates in.

Sev.en Commodities AG has already received all necessary licenses and approvals so that the company transformation will be concluded this autumn. Sev.en Commodities AG was accepted as a member of European Federation of Energy Traders (EFET) in June.

Latest News

5Aug

Interview to the Athenian-Macedonian news agency

5. August 2018 - ΑΠΕ-ΜΠΕ | Interview with Alan Svoboda, Executive Director of Seven Energy.
1. You are interested in investing in Greece as the third adjustment program of the economy is about to end. What are your estimates for the future of the Greek economy? Read more
1Aug

The consolidation of business activities of Seven Energy enters the final phase

The spin-off of trading activities of Seven Energy group to Sev.en Commodities AG was successfully concluded on 1. 8. 2018 when the new group trading company has commenced the commercial activities – trading power, coal and carbon allowances in Europe. Read more
24Jul

Press release - SEVEN ENERGY and GEK TERNA join forces for PPC’s tender for Megalopoli and Meliti lignite power units

Athens, July 24th 2018 - INDOVERSE (CZECH) COAL INVESTMENTS LIMITED, member company of SEVEN ENERGY Group, and GEK TERNA Group, have entered a partnership to jointly submit a binding offer at the second-round international tender for the spin-off of the Public Power Corporation’s lignite power units in Megalopoli and Meliti. Read more
3Jul

Press release - Indoverse qualifies for the second round of PPC’s tender for Megalopoli and Meliti lignite power units

Athens, July 3rd 2018 - INDOVERSE (CZECH) COAL INVESTMENTS LIMITED, member company of Seven Energy Group, has qualified, based on the decision made by PPC’s BoD on July 3rd, for the second round of the international tender for the spin-off of the Corporation’s lignite power units in Megalopoli and Meliti. Read more
27Jun

Press release - Tykač’s Seven Energy group is consolidating its business in the Czech Republic and planning expansion to the European level

Press release, 27 June 2018
Pavel Tykač’s Seven Energy group is transforming its energy commodity trading. All business activities are being taken over by Sev.en Commodities AG, which intends to start trading with electricity, coal and emission allowances on the European level. The company is also considering trading natural gas in the future. Read more
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