EC clears CVC's acquisition of PKP Energetyka

The European Commission has given CVC Capital Partners the green light to take over PKP Energetyka. In July, the Ministry of the Treasury and London-based private equity CVC Capital Partners signed a preliminary agreement regarding the sale of PKP Energetyka, the power unit of Polish state railways (PKP). The company is worth approximately PLN 1.9 billion, but the value of the transaction was corrected taking into account the firm's debt meaning the final price stood at some PLN1.4 billion.