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The Warsaw Voice » Business » May 25, 2018
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Kulczyk's tactics
May 25, 2018   
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Sebastian Kulczyk
Energy giant PGE may have to raise the price in its tender offer for peer Polenergia above the proposed PLN 16.29 per share to get a positive response from lead shareholders Dominika and Sebastian Kulczyk as well as minority shareholders, daily Dziennik Gazeta Prawna writes citing the latter.
The Kulczyks were reportedly completely surprised by the offer and regard it as a hostile takeover attempt, the newspaper's sources claim.
PGE may want to take over Polenergia and its offshore wind farm projects to eliminate it as a rival on the renewable energy market, one source in the power sector goes on to say.
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