Linklaters advises the Polish Development Fund on its acquisition of 99,77% of shares in Polskie Koleje Linowe from Mid Europa Partners
Linklaters advised Polish Development Fund (PFR), the Polish sovereign fund, on its acquisition from Mid Europa Partners of the holding company Altura Sarl which holds 99.77% of shares in Polskie Koleje Linowe SA (PKL). The closing of the transaction is planned for the coming months following satisfaction of mandatory conditions precedent, including the approval of the Polish Competition Regulator (UOKiK).
Polskie Koleje Linowe are a household name and Poland's oldest and largest operator of ski lifts, cable cars and ski slope services, including the Zakopane ski resort region. PKL was privatized in 2013 and employs more than 200 people.
The team of Linklaters Warsaw lawyers provided comprehensive advice to the Polish Development Fund transaction team. The transaction team included Marcin Schulz, partner, Agnieszka Maj-Żuk, managing associate, Tomasz Zorawski, partner, Jakub Woźniak, senior associate from the Warsaw Corporate/M&A Practice and Tomasz Pleskot, associate from the Warsaw Projects Practice and Agnieszka Mencel, head of TMT/IP Practice.