| Formerly | Kulczyk Investment House |
|---|---|
| Company type | Private |
| Industry | Investment |
| Founded | Luxembourg (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.
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]
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]
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]
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]
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]
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]
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]
Kulczyk Investments owns (directly or via subsidiaries) shares in following companies:
Current investments:[22]
Completed investments:[23]
Kulczyk Investments is widely known from numerous sponsorship and CSR activities: