PLN 6.5 bln to be channeled to funds managed by PIR
13:35
State-owned investment vehicle PIR will manage four newly established funds with target capitalization of PLN 6.5 billion, based on an agreement signed between PIR, state bank BGK and its investment unit TFI BGK, the Polish Press Agency (PAP) reported.
The four funds will be dedicated to local government, infrastructure and enterprise investments, offering capital and debt financing to local authorities and Polish businesses, PAP added. The Polish enterprise investment fund will start PLN 1.5 billion means, each of the two infrastructural funds will have over PLN 2.2 billion at its disposal. Finally, the local investments fund will kick off with PLN 600 mln.
