19:54 4 August 2026
Polenergia: assessment by Allianz and NN Funds does not reflect value of company
Polenergia has received statements from Allianz Polska Open Pension Fund and Nationale-Nederlanden Open Pension Fund indicating that, in their assessment, the price proposed in the tender offer for the company’s shares announced on July 10, 2026 did not reflect their fair value as of July 31, 2026. The funds therefore declared that they would not sell their shares at the price offered, Polenergia said.
On July 10, BIF IV Europe Holdings, owned by global investment fund Brookfield, and Mansa Investments, controlled by Kulczyk Holding, announced a tender offer for 17.1 mln Polenergia shares, representing 22.12% of the company’s share capital and voting rights, at PLN 59.1 per share.
Polenergia, which is listed on the Warsaw Stock Exchange, is Poland’s largest privately owned energy group. It supplies customers with renewable energy generated at its onshore wind and solar farms and is also developing strategic offshore projects. The company reported PLN 4.23 bln in revenue in 2025.
