Project for SPEC S.A. successfully accomplished

Back to press room 27 October 2011 About us, Case study
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It is our pleasure to inform you that we have accomplished the project for Stołeczne Przedsiębiorstwo Energetyki Cieplnej S.A. (SPEC S.A.), provider of heat for Warsaw citizens.

 

SPEC S.A. privatization was the biggest privatization process in the history of polish municipality. The aim of using Virtual Data Room was to increase the effectiveness of the key part of privatization i.e. investigation of company’s condition run by potential investors (Due Dilligence).

As a consequence of carried negotiations there has been selected a preferred investor, with whom the  City Council will sign up an agreement on selling 85% SPEC S. A. shares. Dalkia Polska S.A., the investor chosen by the City Council, has committed to pay 1,4 billion zlotys.

Click the link to see the testimonial from SPEC.

SPEC S.A. runs a 1650 km long heat distribution network which is said the longest in Europe and one of the longest in the world. SPEC S.A. is one of the biggest companies belonging to the City of Warsaw. It is also the biggest municipality company in heat distribution sector in Poland.

SPEC S.A. specializes in heat transmission and distribution across the City of Warsaw. It also concentrates on construction, reconstruction and modernization of networks, terminals and heat distribution centers as well as their current operation.

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