
EBRD invests €50m in CVC’s PKP Energetyka
The European Bank for Reconstruction and Development (EBRD) will make a €50m investment in the energy unit of Polish National Railways, PKP Energetyka, recently acquired by CVC.
The transaction is pending final review by EBRD and will see the institution take a minority stake in the recently-privatised asset.
EBRD expects the main benefits of the investment to be more widespread ownership and the ability to influence standards for corporate governance and business conducts.
CVC paid €477m for PKP Energetyka in July 2015 as part of a privatisation plan by the Polish government.
Company
Founded in 2001 and headquartered in Warsaw, PKP Energetyka is the electricity production unit of Polish National Railways (PKP).
People
Grzegorz Zielinski is EBRD's country director for Poland. Krzysztof Krawczyk is the head of CVC Poland.
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