Kulczyk Investments

Last updated
Kulczyk Investments Societe Anonyme
FormerlyKulczyk Investment House
Company type Private
Industry Investment
Founded Luxembourg (2007 (2007))
Founder Jan Kulczyk
Headquarters Luxembourg
Area served
Europe, North America, Africa, Middle East, Asia
Key people
Sebastian Kulczyk, CEO
Dominik Libicki, COO
Mariusz Nowak, CFO
Łukasz Rędziniak,
board member, Jarosław Sroka,
board member
Subsidiaries Kulczyk Holding
Website www.kulczykinvestments.com

Kulczyk Investments SA (former Kulczyk Investment House SA) is an international investment company, founded by Polish entrepreneur Jan Kulczyk in 2007, focusing on business opportunities in high-growth markets. The company's strategic sectors are energy, infrastructure, chemical industry and mineral resources. [1] [2] [3] [4] Kulczyk Holding SA is responsible for the operations of the group in Poland.

Contents

In November 2008, the company announced a change of name from Kulczyk Investment House to Kulczyk Investments. [5]

The name of the company comes from the name of the businessman and founder of Kulczyk Holding, Jan Kulczyk, who died on July 29, 2015, and served as chairman of the Supervisory Board of Kulczyk Investments until his death. [6]

The company is led by a board which consists of: [7]

The company supervisory board are: [8]

The company is backed by the international advisory board, which supports it in creating and implementing of international development strategies. The board members are: [9]

Business sectors

Energy

Polenergia owns numerous operating onshore and offshore wind projects in Poland. [10] [11]

As a result, consolidation of assets of Polenergia Holding and Polish Energy Partners in August 2014, a new public company Polenergia SA was formed. [12] The merger resulted in the creation of the largest private energy group, the leader of the domestic renewable energy market. At the same time, the international Chinese fund CEE Equity Partners holds a 15.99% share in Polenergia. [13]

In March 2018, Polenergia has signed an agreement with Statoil to develop offshore wind farms in the Baltic Sea. [14]

In August 2018, Dominika Kulczyk, who has a 50.2% stake in Polenergia SA, announced a tender offer to acquire remaining 49.8% stake in the company. [15]

Chemical industry

Kulczyk Investments, through its subsidiary KI Chemistry, is a majority shareholder in Ciech SA, Europe's leading chemical group that counts itself among the 50 largest business organizations in Poland. As the strategic investor in Ciech, Kulczyk Investments has been implementing a long-term restructuring and development plan based on Kulczyk's own competence, international presence and access to capital essential for further expansion of Ciech. The Kulczyk Group has been present in the chemistry market for a decade. In 2003–2011, Kulczyk Investments, through its subsidiary Kulczyk Holding, was the owner of POCH, a chemical plant located in Gliwice. [16]

Infrastructure

Through subsidiary companies, Kulczyk Investments carries out strategic road infrastructure projects in Poland. On 1 December 2012, the A2 motorway section to the Polish border with German was opened six months earlier than scheduled. It has been the largest concession based investment project in Poland carried out in public-private partnership, as well as the largest environmental project. The amount invested to construct both sections of the motorway exceeded PLN 9 billion. [17]

Mineral resources

Kulczyk Investments has been a long-term investor in mineral resources exploration and production, specifically oil, natural gas, iron ore and coal. The company has consistently invested in a geographically diversified portfolio of assets at various risk levels and stages of development; from exploration ventures, through development of assets to production projects. A group of companies carries out over 100 projects in 30 countries on 4 continents on a total concession area of 260 thousand square kilometers. [18]

Capital investments/Brewing

Kulczyk group has been present in this sector for nearly 19 years. The investment in Lech Browary Wielkopolski and the effective cooperation with SABMiller resulted in the creation of Kompania Piwowarska, one of the most advanced brewing companies in the world and the largest in Poland, with a current domestic market share of 42.6. In 2009, Kulczyk Investments became one of SABMiller's larger shareholders and started a new, global phase of cooperation with the world's second largest beer producer. [19]

Real estate

Kulczyk Investments owns some of Warsaw’s key property portfolios in the city’s prime locations. In 2010, Kulczyk Investments established a joint venture with Silverstein Properties Inc, one of the most respected American real estate companies that, amongst others, is currently redeveloping the World Trade Centre. [20] Kulczyk Silverstein Properties intends to develop and acquire prime real estate assets throughout Central and Eastern Europe. Kulczyk Silverstein Properties is currently in the development process of Chmielna Tower, which will be one of Warsaw's most innovative office towers. [21]

Investments

Kulczyk Investments owns (directly or via subsidiaries) shares in following companies:

Current investments: [22]

Completed investments: [23]

Sponsorship activities

Kulczyk Investments is widely known from numerous sponsorship and CSR activities:

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References

  1. Kulczyk Investments, Who we are, http://kulczykinvestments.com/page/63 Archived 2015-11-21 at the Wayback Machine
  2. "pb.pl - Kulczyk wejdzie na GPW". 2009-04-01. Archived from the original on 2009-04-01. Retrieved 2023-02-27.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  3. "Sebastian Kulczyk inwestuje w nowe technologie". wnp.pl (in Polish). Retrieved 2023-02-27.
  4. "Kulczyk inwestuje w energię".
  5. Siemieniec, Tomasz; Graniszewska, Magdalena (2008-11-06). "Ropa Kulczyka tryśnie na parkiecie". Puls Biznesu (in Polish). Bonnier Press Sp. z o.o.
  6. "Co pozostawił spadkobiercom Jan Kulczyk". Rzeczpospolita (in Polish). Retrieved 2023-02-27.
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  10. "PGE to expand power portfolio". 4C Offshore.
  11. "Polenergia has wind, solar and biomass projects ready for auctions". Renewables Now.
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  14. "Statoil in Polish offshore wind breakthrough". www.owjonline.com. Retrieved 2018-08-31.
  15. Reuters Editorial. "Dominika Kulczyk makes offer to take full control of Polenergia". U.K. Retrieved 2018-08-31.{{cite news}}: |author= has generic name (help)
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  19. Kulczyk Investments, Brewing, http://kulczykinvestments.com/project/99 Archived 2015-12-08 at the Wayback Machine
  20. "WTC developer drops plans for massive residential tower". NY Daily News. Retrieved 2016-02-15.
  21. "Kulczyk Silverstein Properties - About us". ksprop.com. Retrieved 2013-03-22.
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  24. http://Polin, Exceptional donation to the Museum of the History of Polish Jews by Kulczyk Holding, www.polin.pl/en/news/2012/07/02/exceptional-donation-museum-history-polish-jews-kulczyk-holding
  25. The Polish Olympic Committee, Strategic Sponsor, http://www.olimpijski.pl/en/46,sponsoring.html
  26. Ryszard Kapuściński Award, Sponsors & partners, http://www.kulturalna.warszawa.pl/kapuscinski,8.html?locale=en_GB
  27. Malta Festival, Main Sponsor, http://malta-festival.pl/en/festival/partners
  28. Teatr Wielki, Partners and Sponsors, http://teatrwielki.pl/en/activity/partnerzy-i-sponsorzy/
  29. wieniawski.pl, 13th International Henryk Wieniawski Violin Competition Poznań, 14–29 October 2006, http://www.wieniawski.pl/13ivc.html
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