26th October 2012
Sunday, May 19th, 2013
Polimex selling assets to ARP
The troubled WSE-listed construction company Polimex-Mostostal might soon get some of the additional cash it needs so badly, reported Parkiet. The builder will sell its subsidiaries Sefako and Energomontaż-Północ Gdynia to the Industrial Development Agency (ARP).
Formally, the transaction will be carried out by the investment fund MARS, part of MS TFI which is owned by ARP. A 99.99 percent stake in Energomontaż will cost ARP some zł.46.4 million, while a 95.97 percent stake in Sefako was valued at zł.72.3 million. The sale though still has to be approved by the Office of Competition and Consumer Protection (UOKiK).
From Warsaw Business Journal
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Developer, contractor lock horns over work stoppage
Polimex-Mostostal saw a big loss in 2012, restructuring needed
PBG moots cooperation with Chinese 'giant'
Top managers charged in cartel case
Mostostal Warszawa woes
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