Creditas Group, led by financier Pavel Hubáček, has acquired a 100% stake in the British division of energy company InterGen, which was previously owned by Pavel Tykač's Sev.en Energy group and Chinese partners. The acquisition includes four steam power plants in the UK.

InterGen, a leading independent power company, is one of the largest electricity generators in the British Isles with 2,860 megawatts of capacity. It operates power stations in the UK and Australia, providing consumers with reliable and cost-effective energy. InterGen also operates power stations in Australia, but this part is not affected by the transaction. In 2021, InterGen reported EBITDA of GBP 121 million (approximately CZK 3.27 billion).

Creditas Group focuses on long-term investments in conservative sectors and other financial services, energy and real estate. Their aim is to seek out new opportunities in the market, exploit them and develop their potential. Creditas has been active in the energy sector since 2013 and its energy division UCED is the fourth largest energy distributor in the Czech Republic. The company's assets before this acquisition amounted to approximately CZK 130 billion. The company is headed by its founder and majority shareholder Pavel Hubáček.

The value of the transaction was not disclosed by the parties involved. However, according to industry estimates, the cost of the acquisition could be around CZK 20 billion. Hubáček intends to partially finance the significant transaction from his own resources as well as from bank loans. In addition, the involvement of the Creditas Energy Qualified Investor Fund is also expected.