January 27, 2023

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Media: PGE will buy PKP Energetyka from the CVC fund

As reported by Radio Zet, this week PKP Energetyka will be bought by the state-owned company PGE. The current owner, Caryville Investments, which is owned by US private equity fund CVC Capital Partners, has acquired 100 percent of the company. Shares in PKP Energetyka in 2015 for PLN 1.41 billion.

Law and Justice Party Chairman Jaroslav Kaczynski and State Assets Minister Jacek Sasin announced the state’s redemption of the PWP. Immediately after the politicians’ statements, the process of taking over the company by PGE slowed down, because there was no agreement on the amount of the transaction.

According to Radio Zeit, in 2020 the American fund plans to sell PKP Energetyka. At the time, it was valued at €1.8 billion, but talks with foreign companies and energy groups from outside Poland did not end in a sale.

PKP Energy has been operating since 2001. The company sells and supplies energy to traction customers and customers. The main receiver is PKP Polskie Linie Kolejowe.

The company was sold in September 2015, and is still under the PO. Soon after PiS won the elections, the new authorities in the Polish Railways wanted to restore the DWP Enerjica. They sued to cancel the sales contract, but the attempt was unsuccessful.

CVC Capital Partners Fund manages many companies in our country. The largest is the Żabka chain, which has more than 9,000 stores. outlets. In October this year, during one of his speeches, Yaroslav Kaczynski suggested that “these stores (Zabka chain – Ed.) can also be bought back.” “We are moving in this direction,” he said.

so. Alan Bartman

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