The city of Warsaw, Poland is in the midst of a process to sell its municipal heating operator, SPEC, and now it appears as though Penta Investments is one of 10 to 20 potential bidders. Penta confirmed rumors that it met the deadline for initial bids although company spokesman would not elaborate any further. The [...]
Tag Archives: Kulczyk Investments
Penta, PGNiG Among Potential Bidders for Warsaw’s SPEC
22/02/2011
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The city of Warsaw recently announced plans to privatize SPEC SA, which operates the municipal heating system in Poland’s capital city. Officials announced plans to sell the 85% stake earlier this month, and will take bids until March 28. A short list of potential buyers should then be completed by the end of April. S [...]
Penta Among a Group of Eight Bidding For Poland’s Energa
19/06/2010
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The recent announcement by the Polish government of its intention to sell a majority stake of state-owned power company Energa SA has brought out some of the industry’s heavy hitters in what could shape up to be a very interesting bidding war. The Treasury Ministry has received initial bids for 83% of the utility from [...]
04/04/2011
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