One of the largest private equity funds – CVC – was exclusively invited by Polish state-run railway group PKP PLK to negotiate the purchase of PKP Energetyka.
CVC and Poland’s fourth-largest power firm Energa submitted the two highest offers, both exceeding PLN 1.5 billion (EUR 356 mln) as of enterprise value, to buy PKP Energetyka, although at that time CVC did not seem to be the preffered bidder. PKP says it expects to close the sale in the third quarter of 2015.
PKP Energetyka is a subsidiary of PKP PLK and supplies electricity in Poland. It operates a transmission and distribution network. The company offers general-purpose electricity and traction electricity for railway carriers.