The Industrial Development Agency, Polimex Mostostal and the Silesia Financial Society have concluded a binding agreement regarding the lease of Rafako assets, the Industrial Development Agency reported in a press release.
Previously, the investors obtained the consent of the Office of Competition and Consumer Protection for the concentration consisting in the establishment of a joint venture.
As reported, ARP sold 2/3 of the shares of ARP Doradztwo to its two partners (1/3 of the shares for Polimex and TF Silesia each). Then, this company, after increasing its capital by PLN 27 million and changing its name to RFK, after obtaining consent for concentration on lease, will take over Rafako's key assets.
“RFK's activities in the railway and armaments sectors will not only secure jobs, but also activate regional suppliers and service providers, contributing to strengthening the competitiveness of the entire Silesian industry,” the press release reads.
Rafako's management filed for bankruptcy in September 2024. The Group is a general contractor of power units and a leading European manufacturer of boilers. It also provides industrial construction services.
Prime Minister Donald Tusk announced two weeks ago that although it is impossible to continue Rafako's current operations, there is nothing to prevent it from starting arms production in the place where boilers were once manufactured.
On Tuesday, the government decided to transfer over PLN 700 million to the Industrial Development Agency, the funds will be used, among others, to help the companies Rafako and Rafamet. (PAP Biznes)
pel/ hot/
