The proposed project consists of an equity investment alongside funds (“CVC Funds”) advised and managed by CVC Capital Partners (“CVC”), a global private equity and investment advisory firm, in PKP Energetyka S.A, which is subject to a privatisation process through a trade sale of 100 per cent of the Company’s shares. EBRD will join the transaction by acquiring the shares in the Company from CVC Funds PLN 210 million (EUR 50 million).
Through this project EBRD aims to support the privatisation of PKP Energetyka, the sole distributor of electricity to the Polish railway system. PKP Energetyka, established in Poland in 2001 as the energy unit of Polish National Railways (PKP), is a cross-country electricity distributor to the Polish railway network and other customers. It also provides nationwide maintenance and modernization engineering services to the railway network, operates fuel stations for diesel locomotives and is active in electricity and gas trading markets. PKP Energetyka’s offer is aimed at rail operators as well as other institutional customers. The total cost of the project is PLN 2 billion (EUR 478 million).
Photo: PKP Energetyka
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