Rafako has an investor
MS Galleon, a company owned by Michał Sołowow, will buy 42.4 million shares in Rafako from PBG and its subsidiary.
The purchase will ensure a 26% equity interest in Rafako at a price of 28.45 m PLN. The transaction has been made conditional. In order for the transaction to go through, Rafako has to re-synchronize the Jaworzno power plant following a shutdown, among other things. In addition, the takeover must be approved by the President of the Office of Competition and Consumer Protection. Rafako should also conclude an agreement with Gaz-System. The agreement will cover the Goleniów-Płoty and Tlocznia Kędzierzyn-Koźle projects. MS Galleon is also expected to buy a minimum of 50% of the claims covered by the agreement in the restructuring proceedings. MS Galon is also expected to acquire a minimum of 50% of the shares in Rafako that were taken up by the creditors as part of the implementation of the restructuring agreement.