Bidders offer up to $399 mln for Polish railways' utility -paper

June 1, 2015 7:50 AM

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WARSAW, June 1 Bidders are offering from 1.0 billion to 1.5 billion zlotys ($266 million to $399 million) for utility PKP Energetyka, a unit of Polish state railways group PKP, the Rzeczpospolita daily quoted unnamed sources as saying.

It said private equity firm CVC Capital Partners is ready to pay up to 1.5 billion zlotys, Polish energy firm Energa is bidding between 1.2-1.3 billion, while Energa's local rival Tauron offers 1.0-1.1 billion.

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