WWH sets up two funds to Poland

APA - Austria Presse Agentur
27-06-2005, 21:09

Warsaw (Puls Biznesu) - Dave Williams, founder and majority shareholder in the White Williams Holding (WWH), is starting two investment funds in Poland and neighboring countries. The total sum of the investment collected for the projects may exceed EUR 400 billion. One of the funds which is aimed at operating in the real-estate sector, will invest exclusively in Poland.

Warsaw (Puls Biznesu) - Dave Williams, founder and majority shareholder in the White Williams Holding (WWH), is starting two investment funds in Poland and neighboring countries. The total sum of the investment collected for the projects may exceed EUR 400 billion. One of the funds which is aimed at operating in the real-estate sector, will invest exclusively in Poland. The other one, New Europe Energy & Power will deal with enterprises in energy sector and will invest EUR 400-500 million in Central Europe.

The real-estate fund, whose name has not yet been revealed, will have EUR 100-200 at its disposal. According to Williams the fund has already started operation by the acquisition of 47 estates, among which are three shopping malls outside Warsaw. As far as the energy fund is concerned, 50-60 % of its capital is to be invested in Poland.

This is the third time Williams has tried to invest in Poland. After the first unsuccessful attempt in the early 1990s, European Accession Fund, a private equity fund of WWH, bought a majority share in Lux Med, a private clinic in Warsaw.

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Podpis: APA - Austria Presse Agentur

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