Poland will review the privatization process of PKP Energetyka

The Ministry of Infrastructure wants to run an audit of the privatization processes of PKP Energetyka and Polskie Koleje Liniowe (PKL) and notify the Public Prosecutor General in the case the review confirms the arising doubts. "We work in the comfort of our offices, we do not want to create a sensation. I set up a force unit, which did not participate in the sale of PKP Energetyka, the team is supported by other ministries," said Andrzej Adamczyk, the Minister of Infrastucture. In July, the Ministry of the Treasury and London-based private equity CVC Capital Partners signed a preliminary agreement regarding the sale of PKP Energetyka, the power unit of Polish state railways (PKP). The company is worth approximately PLN 1.9 billion, but the value of the transaction was corrected taking into account the firm's debt meaning the final price stood at some PLN1.4 billion. In September 2013, Polskie Koleje Górskie acquired PKL for PLN 215 million.