Innova Capital to acquire Pekaes
11:08
The firms controlled by Polish billionaire Jan Kulczyk are going to sell a 63 percent stake of the transportation and logistics company Pekaes to private equity fund Innova Capital, Rzeczpospolita reported.
The value of the transaction is unknown, but taking into account the firm's Wednesday's share price (PLN 12.19) and the value of real estate it owns, it may exceed PLN 280 million, the daily estimated.
WSE-listed Pekaes recorded net profits of PLN 20.5 million in 2014, compared with PLN 13 million a year before.
