PFR takeover of Pesa possible in Q3 2018

The Office for Competition and Consumer Protection (UOKiK) has received an application for the takeover of Bydgoszcz Pesa by one of the funds belonging to the Polish Development Fund. The transaction will be finalized in the third quarter of this year, according to information acquired by the Polish Press Association (PAP).

The Polish Development Fund concluded a preliminary agreement regarding investment in Bydgoszcz Pesa at the beginning of March this year. According to unofficial information, the Polish Development Fund will pay PLN 200 million of the loan granted in November 2017 to Pesa by a consortium of banks led by PKO BP and will invest PLN 100 million in the development of the company.

 

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