Warsaw (Puls Biznesu) – Jan Kulczyk may join the group of Polish companies and businessmen investing in oil sector abroad. He wants to buy Libyan Tamoil.
The transaction is evaluated at EUR 3 billion. According to unofficial sources, Jan Kulczyk, the famous Polish businessman has big chances to win it. Kulczyk Holding representatives do not want to comment on that. They only confirm that the company is still being considered a potential buyer.
“We do not comment on negotiations”, Izabela Moscicka, Kulczyk Holding spokeswoman said.
“Kulczyk is trying to win the support from Libyan authorities. He is seriously considered as Tamoil investor”, a person close to the negotiations revealed.
In October, the British weekly “The Business” said that the tender to buy Tamoil was won by a U.S. fund Carlyle Group whose investor is the Bush family. Then, Shukri Ganem, the head of Libyan fuel giant National Oil Company denied this news. In his opinion, there are five entities taking part in the tender.
“The success will depend on the consortium. It would be best if a strong local company became Jan Kulczyk partner. Otherwise, it will be very difficult to compete with the aggressive U.S. capital. It’s worthwhile, that’s for sure. Poland would be advantages as well if it turned out that you can send oil from this country to Poland”, Adam Sek, AT Kearney advisor, and formerly the CEO of Nafta Polska commented.
Tamoil has 3,000 gas stations in several European and African countries. It owns refineries in Italy, Germany and Switzerland. In 2005, they produced nearly 11m tons of oil.