PKP Energetyka privatization starts

The state-controlled railway operator, PKP received initial offers of buying its subsidiary, PKP Energetyka, the firm informed. "There are Polish and foreign entities, strategic and financial investors, among the companies who made initial approaches," Sławomir Baniak, the PKP's director for privatization said. Due intelligence may be launched yet this month and the transaction may be concluded in the second half of the current year, the company also announced. PKO Energetyka is one of the Poland's leading electric energy provider.