TF Silesia to take over Torpol?

Towarzystwo Finansowe Silesia, a state-controlled investment vehicle, has applied to the Office of Competition and Consumer Protection (UOKiK) to take over railroad construction firm Torpol, the watchdog said on its website on Wednesday. The motion was submitted on June 27. The case is currently subject to analysis, the information said. On Tuesday, Torpol announced the successful completion of its initial public offering. Construction group Polimex-Mostostal sold its entire stake for PLN 124.56 million. The IPO also included a new share issue, which was sold for PLN 59.2 million.