TF Silesia with 38% in Torpol

State-controlled investment vehicle Towarzystwo Finansowe Silesia (TF Silesia) said that it has acquired a 38-percent stake in railway construction firm Torpol. The deal is subject to approval from the Office of Competition and Consumer Protection. TF Silesia said that expects the investment into Torpol to have good perspectives. The deal provides an opportunity to enter the dynamically developing railroad construction and maintenance market, the investor said. “Torpol’s significant market share, its well-grounded position and many years of experience in the sector are solid premises for future profits from dividend payouts,” TF Silesia also said. Torpol recently carried out an IPO and debuted on the Warsaw Stock Exchange on Tuesday. In the offering, trouble construction group Polimex-Mostostal sold its whole stake in the company.