Energa seen as front-runner in PKP Energetyka sale

Only two entities, state-controlled Energa and private equity fund CVC have made binding offers to purchase PKP Energetyka, a subsidiary of PKP railway company. Two dailies, Puls Biznesu and Parkiet pick Energa as the front-runner in the sale.

According to Parkiet, CVC'c offer was higher than Energa's, which amounted to PLN 1.5 billion and PLN 1.3 billion respectively. Puls Biznesu simply stated that Energa topped the bid, but does not inform about its value.

Both newspapers agreed that state-owned Energa may win the race as the railway infrastructure of PKP Energetyka's could be treated as 'sensitive' and its owner, the State Treasury will be more willing to leave it in the state's hands.