Poland’s PBG Agrees to Buy 50% of Boiler Maker Rafako for $193.4 Million

PBG, Poland’s second-largest builder by market value, late yesterday said it had signed a preliminary agreement to purchase a 50 percent stake in industrial equipment maker Rafako SA (RFK) for no more than 540.8 million zloty ($193.4 million).

PBG agreed to buy the majority stake in Rafako from a Cyprus-based unit of Elektrim SA, subject to the approval of Poland’s competition regulator.

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.