Rafako engineering's major part of assets to be put on lease
Poland's industrial development agency ARP announced in a press release that there will be an offer to lease a significant part of listed engineering company Rafako's assets, which will be made in mid-May. It was indicated that at this stage, among other things, the investment financing round is being closed.
"During the European Economic Congress in Katowice, the investors: ARP, [listed builder - MI ed.] Polimex Mostostal and [financials company - MI ed.] Towarzystwo Finansowe Silesia continued intensive talks on a joint project to exploit the potential of Rafako's assets," Poland's industrial development agency wrote in the press release.
"At this stage, the investment financing round is being closed and the already developed business plan is being verified by external advisors to confirm the project's profitability. The investors are also waiting for [Poland's antitrusst and consumer protection regulator - MI ed.] UOKiK to issue a concentration approval," it added.
ARP pointed out that the overriding goal for the investors is to obtain a satisfactory rate of return on invested capital.
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