Colloseum plans investments in electric and energy sectors

"The group is being created to include design firms, materials suppliers and investment contractors," said Jozef Jedruch of Colloseum. According to Jedruch, the group will be able to successfully compete with foreign investors. In related news, Poland changed its plans to privatize power plants Polaniec and Rybnik through an initial public offering (IPO). The Treasury Ministry announced that instead, the two power plants will be sold to a strategic investor. Said Treasury Minister Emil Wasacz. "...I think that a good solution is not a majority package right from the beginning but rather gaining a majority through investment and capital increase." (Parkiet, page 2, Reuters)