At the beginning of June, the tender to buy 65 percent of Tamoil, a Libyan oil group, for EUR 4 billion ended. Colony Capital, a U.S. investment fund won while Jan Kulczyk, one of the richest Poles, lost. It looks like he hasn’t given up completely.
“I don’t know details but Jan Kulczyk is leading advanced talks with Colony Capital. They will probably split the stake”, “PB” source in Libya revealed.
“PB” failed to get comment from Dariusz Mioduski, Kulczyk Holding CEO.
“Colony Capital does not comment”, Lisa Baker from Owen Blicksilver PR representing the fund said.
The Polish embassy in Tripoli knows nothing.
“The embassy has no such data. Basing on our contacts with local business environment I can only say that dr. Jan Kulczyk is a well-known and respected person in the Libyan establishment”, Jacek Buda from the embassy said.
Other sources, however, confirm that there are talks going on between the holding and the investment fund.
“Jan Kulczyk is close to becoming a member of Colony Capital”, a high-ranked managed in the Polish oil sector revealed.
Last year, Tamoil had PLN 39 billion (EUR 10.3 billion) of sales while Poland’s giant, PKN Orlen PLN 52.9 billion. The company produced 11m tons of oil, has 3,053 gas stations and employs 1,931 people.
(PLN 1 = EUR 0.264)