Kulczyk Investments has nearly 6 million zł for the development – Republic

The appetites of the further development of the siblings Sebastian and Dominika Kulczyk – who in 2015 took over the company Kulczyk Investments (KI) after the death of his father John Kulczyku – have disputes. For possible acquisitions that could finance more than 1 billion pounds for the stake in beer company, will, however, at the earliest for the few, and perhaps even for several months – he learned the “Rzeczpospolita” from sources close to the case. The stake of no more than three, four transactions.

Siblings cautious about acquisitions because the market situation is still difficult, and the valuation of companies is still high. as agreed, it prefers to advance to have cash, instead of looking in a hurry money to finance a possible deal.

What can buy KI? the key strategy of the company, which owns, among others, stake in Ciech chemical, diversification in terms of asset scale from dividend blue chips after startups (Sebastian Kulczyk interested in new technologies), as well as forms of engagement: from a financial investor after leading strategic investor, and the location of investment. Sebastian and Dominika Kulczyk interested in, among others, region of Central and Eastern Europe.

By selling half of the shareholding in SABMiller already KI also minimizes the risk of the failure to effect a merger between corporations AB Inbev and SABMiller. This, as the herald of the company, has come in the third quarter of this year. There are, however, information about the following obstacles that may delay the finalization of the transaction (eg about the conflict with the trade unions in South Africa where it originates SABMiller). Anxiety Kulczyk also raises potential output of Great Britain in the European Union, which may weaken the pound.

In the end, however, KI sold shares of SABMiller for 41.8 pounds apiece, or about 2.2 pounds cheaper than one value He proposed AB Invev. Despite this, it is one of the two largest transactions in an accelerated bookbuilding process in Europe, the Middle East and Africa this year, as well as the largest aftermarket trade accelerated bookbuilding in the food industry.