EDF’s heating assets in Poland have been subject to a bid by Australian fund management firm IFM and its unit Veolia Energia Polska.

According to Puls Biznesu daily the Australian firm have submitted the highest offer to buy the assets from the French firm, as the latter looks to change its strategy towards more low-carbon nuclear and renewable energy development.

EDF’s Polish plants, which have a 15 per cent share of the local heating market, are valued at around $1.1 billion, the daily said.

Binding offers are expected in September but, according to Puls Biznesu, Poland’s energy ministry is encouraging EDF to stay in Poland or postpone the sale until one of Poland’s four state-run energy groups is financially ready to bid for the assets too.