Sales PKP Power should be withheld – PiS MPs believe. They demand the parliamentary debate on the sale of the company and the special committee meeting infrastructure.
“The process of privatization of PKP Energy SA is run by its owner, ie. PKP SA pursuant to the provisions of the Act on 30 August 1996. on commercialization and privatization. PKP SA as the entity selling, commissioned external consultants to draw up analysis to estimate the value of Energy PKP SA and the determination of the legal status of its assets. Given the crucial importance of PKP Energy SA for the functioning of the transport market railway decision on initiating the process of its privatization was preceded by additional analyzes “- says in the commentary meanwhile Development and Infrastructure Ministry.
The Resort points out that the analysis and evaluated models proceed with the sale of the company, among other things, on the basis of criterion the energy security of railway undertakings and the implementation of strategic investments.
“As a result of analysis is recommended to carry out the privatization of PKP Power Engineering SA based on direct sales model, ie. the negotiations undertaken on the basis of public invitation, “- said the resort.
” It should be noted that the decision to sell shares of PKP Power SA not yet been taken. The final decision on the sale of shares will take the minister responsible for transport at the general meeting of PKP SA, after the submission by the Board of PKP SA relevant proposal “- noted the ministry.
Private equity fund CVC Capital Partners is launching exclusive negotiations with PKP on the acquisition of PKP Power Engineering. According to a recent announcement Railway transaction should be finalized by the end of the third quarter of this year.
Against the privatization opted PiS MPs. – Capital Fund is registered in Luxembourg. He buys in the world of various real estate and companies that sell them. PKP Energy is a company very sensitive when it comes to the safety of people and the state. This company owns all of the power lines, both high-voltage lines and power supply lines in railway stations and halts. The Company has complicated the electric traction power substations – PiS MP said Krzysztof Tchorzewski. – If you now enter an investor who is not known whether and to whom to sell this the company, if this company will go into the hands of hostile Poland, then we have big trouble – he added.
According to him prior to the privatization of infrastructure ministry did not ask the question about the effects of privatization of PKP Energy to the Ministry of Internal Affairs and Ministry of Defence.
“Minister of Infrastructure and Development also addressed to the above. Ministries, in conjunction with the questions raised in the interpellation by Mr Christopher Tchórzewski No. 33127, received on 1 July 2015. We now look to the position of Defence. Thus, the allegations p. Mr K. Tchórzewski are not supported by reality “- gives the meantime, the Ministry of Infrastructure.
The Law and Justice deputy Andrzej Adamczyk said that the Law and Justice submits an application to expand the agenda of the next meeting of the Sejm a government report on sales the company and its consequences for the economy and security.
PKP in an earlier commentary stressed that the management of PKP SA “approached with the utmost care and deference to the issue of protecting workers’ interests taken into account in the privatization process and the Power Station was signed Employee Guarantee Pact, which provides employees guarantees employment to four years from the date of privatization and privatization bonus “.
PKP Power Engineering emphasizes that this fund is currently leading investment funds worth a total of $ 52 billion, manages the accounts of over 300 investors from 40 countries.
As reported earlier Przemyslaw Obłój, director of the CVC, the fund is ready – after a possible takeover – to sell a minority stake in the company, eg. a national financial investor. In his opinion, in the future Power Station should go on the WSE. He assured that the investment CVC Power Station would have a long-term nature.
Acquisition Power Station were interested energy companies. Eventually submitted binding offers Energa and Tauron. PKP not informed about the details of the ongoing process. Media stated that the main rival CVC fund was Energa Gdansk. According to PAP, the CVC submitted a bid to the value of the company (enterprise value) is estimated at more than 1.5 billion.
The CVC is a private equity and investment advisory firm, has a network of 22 offices in Europe, Asia and the United States. CVC manages more than 300 investors from North America, Europe, Asia and the Middle East. The current value of the company’s assets exceed $ 52 billion.
About half of the capital comes from the largest pension funds in the world. Today, CVC funds own shares in over 50 companies worldwide. Invest, among others, in companies in the energy sector: the Spanish company Inalta and German Evonik, whether in the Belgian postal operator, bpost company.
PAP
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