Capital Partners to issue shares to finance its gas business

The funds raised are to be spent on projects executed by the company's subsidiary, CP Energia. "I intend to maintain the current level of engagement we have in the CP with my wife," said CP's president Paweł Bala, who controls 57% of capital with his wife. In order to maintain the level he will have to spend around zł.5.2 million on new shares. According to CP representatives, CP Energia currently needs around zł.30 million for its gas distribution projects. "In these type of ventures the level of own capital is estimated at 20-25%. The remaining sum will be financed through loans. That means that within the next two years we will spend on this project between zł.6-7 million," said Bala. (Parkiet, p. 5) A.K.