12. Investments in subsidiaries and jointly controlled entities

Opening balance 748 -
Acquisition 1 770 748
Closing balance   2 518  748

PGE Polska Grupa Energetyczna, ENERGA, Enea and Tauron Polska Energia established on 19 October 2016 ElectroMobility Poland. The activity of the new company is aimed at contributing to creating an electric mobility system in Poland.

The new company’s share capital amounts PLN 10 million. Each company engaged in establishing ElectroMobility Poland acquired 25% of the capital stock, which entitled each of the companies to 25% of votes at the General Meeting of Shareholders.