Kulczyk buys ENEA

13th November 2010

Kulczyk's hopes to expand ENEA throughout Europe

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Poznan businessman Jan Kulczyk has signed a deal to buy 51 percent of shares in ENEA.

The initial deal will see Poland’s richest man pay out PLN 5.6 bln through Kulczyk Holding, although the full contract states that the rest of the shares must eventually be bought, bringing the entire deal closer to PLN 10 bln.

The company wants to build Poland’s first private energy group, with a future view to further branch out into other areas of Europe, Kulczyk told daily Rzeczpospolita.

The paper also reported that news of the contract is a welcome return from Poland’s “most loyal businessman in Polish privatisation”, a fact that Kulczyk underlines, by stating that it is his wish fo ...

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