White & Case has advised Towarzystwo Finansowe Silesia on its preliminary agreement with Centralny Port Komunikacyjny for the sale of 38% of TF Silesia's shares in Torpol. Kwasnicki Wrobel & Partners advised CPK.
"The preliminary agreement was signed on January 24, 2023, and the final agreement will be signed after all required corporate and regulatory consents have been obtained," White & Case announced.
Torpol is a Warsaw Stock Exchange-listed railroad infrastructure contractor. The public company focuses on the modernization and construction of railroad infrastructure and adapting the Polish railroad system to the requirements of EU and international regulations on railroad traffic.
TF Silesia is a Katowice-headquartered investment entity.
CPK is a Polish state treasury company that carries out the Central Transportation Port program, which entails the construction of a new central airport in Poland and the coordination and implementation of related investments, including a new network of railway lines, expressways, highways, and other technical infrastructure.
The White & Case team included Partner Rafal Kaminski, Local Partner Monika Duzynska, and Associate Damian Lubocki.
The RKKW team was led by Managing Partner Jaroslaw Szewczyk and included Senior Associates Rafal Wilinski, Adrian Sypnicki, and Jakub Mokrzycki, and Junior Associate Izabela Dziwinska.