P o l s k i e W i e ś c i
Showing posts with label Jan Kulczyk. Show all posts
Showing posts with label Jan Kulczyk. Show all posts

Sunday, October 25, 2015

Jasnowidz Krzysztof Jackowski o śmierci Kulczyka i Leppera

Krzysztof Jackowski, słynny jasnowidz z Człuchowa, opowiada przed kamerą Fakt24.pl o tym, co sądzi o śmierci Jana Kulczyka i Andrzeja Leppera. Jasnowidz nie łączy tych dwóch zgonów. Nie chce przesądzać o przyczynach tragedii Kulczyka i twierdzi, że w tym wypadku mógł to być po prostu nieszczęśliwy finał pooperacyjnych powikłań. Inaczej było z Lepperem. Jackowski opowiada o tajemniczym telefonie agenta CBŚ, który odebrał tuż po śmierci lidera Samoobrony.

Wednesday, July 29, 2015

Poland's richest man, Jan Kulczyk, dies at 65

  • Jan Kulczyk was a Polish businessman. He was the founder and owner of Kulczyk Holding and international investment house Kulczyk Investments with headquarters in Luxembourg and offices in London, Kiev and Dubai.
  • He has created Poland‘s largest automotive group importing and selling Skoda, Volkswagen, Audi, Porsche and Bentley cars. During the past 20 years, the group sold over 1 million cars, which has made it an unquestionable leader of the Polish market.
  • He had initiated the A2 project to build Poland’s first private motorway that linked Poland with Europe. 
  • The largest Polish investor in Africa. Owner of a diversified asset portfolio comprising fuels and iron, copper and gold ores.
  • His donation of some 20 million zlotys ($5.3 million) helped finish work on the POLIN Museum of the History of Polish Jews in Warsaw.
  • Depending on how Kulczyk’s wealth is divided, media and mobile telephony mogul Zygmunt Solorz-Zak could become Poland’s richest person with a net worth of $2.6 billion, according to the Bloomberg Billionaires Index.
WARSAW— Jan Kulczyk, Poland’s richest man and a controversial symbol of the country’s transformation from communism to a market economy, died Tuesday night from surgery complications, his investment vehicle said in a press statement. He was 65 years old.

One of Poland’s few moguls, Mr. Kulczyk opened his first business while the country was still under Communist rule in 1981, based on capital from his father. He subsequently transformed his initial car dealership into a $3.9 billion international holding investing in energy, infrastructure, telecommunications and beverages.
By taking part in the country’s biggest privatizations in the 1990s and early 2000s, Mr. Kulczyk’s business activities for years remained intertwined with Poland’s economic fate, but also tied him to controversies surrounding the privatizations.
Major transactions included the purchase of minority stakes in national telecom provider Telekomunikacja Polska SA, now Orange Polska; insurer Warta; and Tyskie brewery. For a time, Mr. Kulczyk was the biggest private investor in brewing and beverage company SABMiller PLC.
In 2004 Mr. Kulczyk was questioned by a parliamentary committee regarding irregularities at the country’s biggest refiner, PKN Orlen. The documents and testimony showed he had a significantly larger impact on the company’s business than his 5% stake would suggest.
With Poland’s entry into the European Union and the Civic Platform government favoring passive financial investors for state-controlled companies, Mr. Kulczyk’s role as a privatization deal maker waned. He played only a minor role during the 2009-2010 privatization frenzy that saw the government sell nearly 30 billion zlotys ($8.1 billion) in assets, unsuccessfully bidding to take over energy producer Enea.
Mr. Kulczyk’s investment vehicle, Kulczyk Investments, is involved in a range of areas, including chemical maker Ciech and several oil and gas exploration and production companies in South America, Africa and Asia. In 2014 he passed on the CEO mantle at Kulczyk Investments to his son Sebastian, but remained active in the company.

Tuesday, April 27, 2010

Kulczyk Oil Ventures Mulls Exploration Projects in Russia

Canadian-based upstream oil company Kulczyk Oil Ventures (to be listed on the WSE soon) is looking at Russia as a potential place for new oil exploration projects, KOV's CEO Tim Elliott told Puls Biznesu daily.

The engagement of KOV in Russia is likely, provided there is a good project and reliable Russian partner, Elliott said.

KOV's extraction licenses so far include the Ukraine, Brunei and Syria. Looking longer term, Elliott mentioned Egypt, Oman and the South-Eastern Asia as places that are very interesting from KOV business' point of view.

Sunday, March 28, 2010

Poland’s richest man looks at home market


Jan Kulczyk, Poland’s wealthiest man, has had a good economic crisis. While some of his fellow billionaires in central Europe are struggling with heavy debts, the 59-year-old serial entrepreneur is flush with cash and planning investments at home and abroad.
This represents a remarkable turnround for Mr Kulczyk, who made his fortune in privatisations in the early 1990s during Poland’s tumultuous transition to a market economy. In recent years he had seemed adrift as he tried to build an international business empire not based on his most bankable asset: his deep knowledge of Poland and his excellent contacts with Polish business and government.
His best deal of last year came in the spring, in the depths of the crisis, when he exchanged his 28 per cent stake (worth about $1.1bn) in Kompania Piwowarska, Poland’s largest brewer, for a 3.8 per cent share in its parent company, SABMiller. As it recovered from the global recession, the South African brewer’s share price soared by more than 50 per cent.
“It was the optimal moment for the transaction,” says Mr Kulczyk, reclining on a plush white couch, embroidered in gold thread, in his enormous office in London’s posh Mayfair district.
Mr Kulczyk also showed excellent timing in his decision to sell off his shares in PKN Orlen, Poland’s main oil company, as well as his stakes in telecommunications and insurance before the crisis swamped the Warsaw Stock Exchange.

“I knew that something like this would happen,” he says of the crisis, rubbing his trademark facial stubble. “It was only a question of when and how deep.”

His Polish car importing company, Kulczyk Tradex, had a decent 2009, helped mainly by Germany’s car scrapping programme, which saw German dealers importing Volkswagen and Skoda cars from Poland to meet the rise in demand. In addition, Autostrada Wielkopolska, the infrastructure company controlled by Mr Kulczyk, finally gained approval for a €1.6bn ($2.2bn) project to build a 106km stretch of Poland’s main east-west highway.

Mr Kulczyk’s primary vehicle, Kulczyk Investments, also managed to exit from a $60m real estate investment in Dubai with a slight profit before the collapse of the emirate’s property market.

While many of his fellow Polish tycoons have been laid low by the crisis, Mr Kulczyk is again topping the lists as the richest Pole. With his bottom line much improved, Mr Kulczyk is trying to make a triumphant return to his home market,. He is hoping to buy a share, together with Libya’s Tamoil, of the state-owned Lotos Group, Poland’s second-largest oil company, which is being partially privatised this year.

“We would like to be a leading stakeholder,” says Dariusz Mioduski, the chief executive of Kulczyk Investments.

If the Kulczyk Investments bid succeeds against rival offers from PKN, as well as potential bidders from Russia to China, it would mark an astonishing return to government favour.

During the 2005-07 government of the rightwing Law and Justice party, Mr Kulczyk was used as an example of the unhealthy ties between business and politics.

He retreated to London after becoming embroiled in a 2005 probe by a parliamentary commission into a scandal at PKN, where he was a minority shareholder. Mr Kulczyk, who was accused of holding secret meetings with a former KGB spy, has always denied he acted inappropriately and the commission took no action against him.

Now, he is a strong devotee of free markets and of a minimum of government interference in the economy. “It’s finally normal,” he says. “You don’t need to have relations with the government to do business.”

As well as his bid for Lotos, Mr Kulczyk plans to float his oil exploration company, Kulczyk Oil Ventures, on the Warsaw Stock Exchange shortly.

He also has holdings in other oil exploration companies like Ophir Energy and Aurelian, and is hoping to buy Ukraine’s KUB-Gas.

His company is currently negotiating a contract to build an €2bn coal-fired power plant in Belarus. “We want to be the largest private player in this sector in this part of Europe,” says Mr Kulczyk.