Bloomberg News

Trakcja-Tiltra of Poland to Book Profit on Eco-Wind Sale to CEZ

January 02, 2012

Jan. 2 (Bloomberg) -- Trakcja-Tiltra SA, Poland’s largest publicly traded railway builder, agreed to sell its 41 percent stake in wind farm developer Eco-Wind Construction SA to CEZ AS, Chief Executive Officer Maciej Radziwill told Bloomberg News by phone today.

Trakcja will book profit from the sale in the fourth quarter, the CEO said. Radziwill declined to give the value of the transaction, saying the amount is below the required disclosure level.

Polish companies are required to report transactions whose value exeeds 10 percent of equity. Trakcja’s equity was at 755.2 million zloty at the end of the third quarter, according to data compiled by Bloomberg.

To contact the editor responsible for this story: Maciej Martewicz at mmartewicz@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus