Locked content Mid Europa sells shares in Polish Cableways to PFR

Mid Europa Partners (Mid Europa) has signed an agreement for the sale of a holding company that owns 99.8 percent of the shares in Polish Cableways (PKL) to the Polish Development Fund (PFR). The transaction is conditional on obtaining the consent of the Office of Competition and Consumer Protection...

Locked content PFR files PESA takeover motion to UOKiK

FIPP FIZAN fund controlled by state-run Polish Development Fund PFR filed the motion to the antitrust watchdog UOKiK to takeover rolling stock producer PESA. Back in May, PESA signed an agreement regulating in detail the rules for the takeover of its shares by the Polish Development Fund. This meant...

Locked content PFR to takeover PESA

Troubled rolling stock producer PESA Bydgoszcz has signed an agreement regulating the details of the takeover of its shares, by the state-run polish Development Fund PFR. The deal is expected to be finalized by mid-June. “The completion of negotiations is good news for the company and its employees,...

Poland needs more VC investors – Emilewicz

Poland lacks a well developed venture capital market, according to the Minister of Entrepreneurship and Technology Jadwiga Emilewicz. She said that the government is close to finishing its work on crating legal framework for the so-called simple joint stock company, which would make VC investments e...

Locked content Investment growth at 4-5% – Borys

Investment in Poland is growing at 4-5 percent annually, according to the president of the Polish Development Fund (PFR) Paweł Borys. He stated that while in the first half of 2017, lower investments were disconcerting, the second half of last year saw investment levels increase. “It would be good i...

Locked content PFR: We can finance nuclear plant project with ‘several PLN blns”

The state-run Polish Development Fund PFR can invest “several PLN billions” in the planned nuclear plant, PFR President Paweł Borys said. “The topic of potential participation in financing the construction of a nuclear power plant has been brought up and we declare that we are just financing large i...

Locked content PFR: We’re ready to co-finance Poland’s nuclear plant

Polish Development Fund PFR will co-finance the construction of the first Polish nuclear plant if needed, its CEO Paweł Borys said. “The Polish government and potentially Polish companies are getting close to final talks and if positive decisions are made and Poland will build nuclear power units, t...

Locked content Tauron secures PLN 880 mln financing from PFR

WSE-listed power group Tauron secured PLN 880 million financing from two funds managed by state-run Polish Development Fund for its 910 MW Jaworzno project, the company said in a market filing. The two funds will contribute PLN 440 million each. The joint share of funds in the SPV  should amount to ...

Locked content WSE in talks to acquire Tel Aviv Stock Exchange

According to Parkiet daily, Warsaw Stock Exchange was invited to bid on the 72 percent stake in the Tel Aviv Stock Exchange. The value of the transaction is estimated at some PLN 490 million. WSE confirmed that, along with the state-run Polish Development Fund, it had filed a non-binding offer. Othe...

Locked content PFR with preliminary investment deal for Pesa

The Polish Development Fund (PFR) has signed a preliminary agreement regarding investment in rolling stock producer Pesa. “The Polish Development Fund has concluded an initial agreement regarding the investment in PESA and currently has the right to exclusive negotiations,” PFR CEO Paweł Borys said....