POLAND: Railway, road and airport infrastructure project promoter Central Port Komunikacyjny has completed the purchase of a 38% controlling stake in rail infrastructure contractor Torpol from state-owned investor Towarzystwo Finansowe Silesia.
The deal was signed on April 5 following regulatory approval.
‘The most important benefit of today’s transaction is the reduction in the contractor shortage risk during the implementation of the ambitious CPK railway investment programme’, said CPK CEO Mikołaj Wild.
CPK said Torpol would not be awarded contracts on a preferential basis, but it would be able to participate in transparent tendering on the same terms as other market players.
‘We have conducted the transaction in accordance with the best market standards’, said Wild. ‘It was subjected to a profitability analysis and received a positive private investor test result, as a result of which we purchased one of the most important construction companies in Poland.’
