PKP railways to put on sale its power, telco and IT assets
April 28, 2014
Poland's state-owned railway group PKP wants to sell its power unit PKP Energetyka to a strategic investor, possibly in Q1 2015, instead of floating PKP Energetyka on the WSE, PKP CEO Jakub Karnowski told the daily Rzeczpospolita.
Poland's biggest power groups as well as financial investors including infrastructural funds are interested in the asset, Karnowski said.
Apart from PKP Energetyka, PKP group will put on sale its stakes in TK Telekom telco and PKP Informatyka IT firm, Karnowski said.
Should PKP succeed in selling the assets, it could pay back its PLN 3.2-3.3 billion debt within two-three years, the CEO said.