Kulczyk seeks to create world-class IT firm in Poland

Sebastian Kulczyk plans to spend around PLN 5 billion from the sale of his stake in SABMiller on the purchase of assets of brewing companies in CEE and to create a world-class IT company in Poland.

Kulczyk Investments earned PLN 5 billion on the sale of its 1.5 percent stake in SABMiller, the British producer of beer and soft drinks. The value of KI shares significantly reduced the sudden drop in the pound stemming from Britain's decision to leave the EU.

Kulczyk, a Polish billionaire and president of Kulczyk Investments, revealed his plans in an interview with Reuters. He does not plan to only follow in the footsteps of his father Jan Kulczyk, investing in breweries, but also wants to invest in completely new sectors, including new technologies. Kulczyk plans to invest several hundred million PLN in the creation of a Polish technology company that can compete with global giants. “I have the ambition to create a Polish brand that will be recognized around the world,” he said.