Kulczyk enters gas sector via Aurelian Oil & Gas
The enterprise is a serious investor in Aurelian Oil & Gas (AO&G), a British firm listed on the AIM bourse, which presented extensive plans of searching for natural gas in Poland.
"I do not conceal that we eyed the firm a few months ago. These type of entities usually welcome new shareholders, but in this case it was not easy but the crisis on the financial markets paradoxally help us," said Dariusz Mioduski, president of KIH. Currently it owns a 13.2 percent stake in AO&G, but intends to raise this share to 30 percent within two weeks. This will cost another zł.110 million and should ensure operational control over the firm.
"I can assure you this is not a portfolio investment. Distribution and extraction of gas and energy are key issues for us. Aurelian in combination with Polenergia, which distributes energy and gas, is a preliminary stage in creating a large group operating in the CEE," said Dariusz Mioduski.
Sources: Puls Biznesu, Parkiet, Rzeczpospolita (M.M.)
"I do not conceal that we eyed the firm a few months ago. These type of entities usually welcome new shareholders, but in this case it was not easy but the crisis on the financial markets paradoxally help us," said Dariusz Mioduski, president of KIH. Currently it owns a 13.2 percent stake in AO&G, but intends to raise this share to 30 percent within two weeks. This will cost another zł.110 million and should ensure operational control over the firm.
"I can assure you this is not a portfolio investment. Distribution and extraction of gas and energy are key issues for us. Aurelian in combination with Polenergia, which distributes energy and gas, is a preliminary stage in creating a large group operating in the CEE," said Dariusz Mioduski.
Sources: Puls Biznesu, Parkiet, Rzeczpospolita (M.M.)
