Penta Investments to finance Polish utility deal


Rafal Sosna orchestrating the deal

reports that Czech and Slovak financial group Penta Investments looks set to assist Poland’s richest man Jan Kulczyk in his takeover bid for state-controlled utility Enea SA.

There were already reports in the media about the arrangement, but Penta Investments director for investments, Rafal Sosna confirmed the move when he told CNBC news: “We are financing the purchase of Enea by Kulczyk Holding if it takes place”.

Alongside Kulczyk, there is at least one other bidder in the race for the big energy company, which should culminate in 1Q 2011.

ENEA SA has been listed on the Warsaw Stock Exchange since 17 November 2008.

Leave a Reply

Your email address will not be published.