Kulczyk Holding sells Pekaes

Kulczyk Holding and Kulczyk Investments are selling a 63 percent stake of the transportation and logistics company Pekaes to Strada Holding, a subsidiary of private equity fund Innova Capital, the companies reported. The value of the transaction has not been disclosed, but Rzeczpospolita daily estimated in July that it could reach some PLN 280 million. Taking into account the acquisition of Slovenian Trimo (worth €50 million), Innova could spend some PLN 500 million. WSE-listed Pekaes recorded net profits of PLN 20.5 million in 2014, compared with PLN 13 million in the  previous year.