Locked content Domika Kulczyk launches tender for remaining stake in Polenergia

The majority shareholder of WSE-listed renewables’ firm Polenergia, Dominika Kulczyk launched a tender offer for the remaining 22.63 million shares (49.8 percent stake) at PLN 20.5 apiece. Kulczyk, who controls 50.2 percent of the company plans to delist the company from the Warsaw Stock Exchange. S...

Locked content Polenergia sues Tauron over wind farms canceled deal

WSE-listed power utility Tauron has been sued by Polenergia subsidiaries for PLN 78.9 million in damages in PLN 265.2 million in compensation on potential future losses following termination of long-term contracts for the purchase of power from renewable sources and green certificates, Tauron said i...

Locked content Polenergia to sell 50% in two SPVs PLN 94.3 mln to Statoil

WSE-listed power group Polenergia signed a preliminary conditional deal with Statoil Holding Netherlands to sell 50 percent stakes in two of its offshore wind farm units for PLN 94.3 million plus €5 million in installments and potential other payments, the company said in a market filing. The shares...

Locked content China CEE Fund to sell Polenergia and Bioton shares

China CEE Fund, one of the shareholders at Polenergia controlled by Kulczyk Investments and Bioton, is going to sell its holdings in the Polish companies, Parkiet daily reported. Some offers have already been made, according to the daily. “There was an offer standing at PLN 44 per share,”...

Kulczyk sells over 15% of Polenergia

Mansa Investments, controlled by Kulczyk Investments sold 7 million shares of Polenergia (15.4 percent) at a price of PLN 27 per share. The value of the transaction stood at PLN 189 million, according to a press release.

Locked content EBRD may grant loan to Polenergia

The European Bank for Reconstruction and Development is considering a €119 million loan to Polish power utility Polenergia for wind farm development, according to a release quoted by Reuters. The wind energy facilities in question are due to have a total capacity of 206 MW. In November this year, th...

Locked content Polenergia wants to build new gas link

Polenergia, the energy unit of the Kulczyk Investments capital group, has suggested the construction of gas links that would connect the German, Polish and Ukrainian pipelines into one system, Puls Biznesu reports. The project, worth a total of €440-460 million, would involve building a 150-meter pi...