Poland’s railways group PKP’s Extraordinary General Meeting approved the sale of power utility unit PKP Energetyka to private equity fund CVC, according to an announcement by the Ministry of Infrastructure and Development. The consent was one of the conditions for the deal, the ministry added.
CVC Capital Partners struck a preliminary deal to buy a 100% stake in PKP Energetyka from the state railway group PKP for PLN 1.965 bln (470 million euros). The final deal is expected within less than two months.
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