Announced
Financials
Sources
Tags
Friendly
Poland
Public
Single Bidder
engineering
Minority
Railroads
Pending
construction services
railway projects
Domestic
Acquisition
Synopsis
CPK, a central communication port megaproject company, agreed to acquire a 38% stake in Torpol, a railway infrastructure company, from TF Silesia, a financial services provider. Financial terms were not disclosed. "The acquisition of CPK as an industry investor by Torpol, provides additional incentives and opportunities for faster and targeted development, of the competencies already held by the company, especially in the area of modern technologies and solutions in the construction of high-speed railway lines and related AC catenary power supply systems, as well as obtaining business synergies in other areas of activity, " Grzegorz Grabowski, Torpol President.
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