The company was bought jointly with four Tatra Mountains communities from Polish rail operator Polskie Koleje Panstwowe.
Mid Europa plans to expand the business both organically and via acquisitions to strengthen its position in the leisure and tourism market.
The deal will be completed through Polskie Koleje Gorskie (PKG), a company set up by Mid Europa and the four communities, in the third quarter of this year. Following the completion, Mid Europa will become PKG’s majority shareholder.
Mid Europa partner Zbigniew Rekusz said, “We have identified leisure and tourism sector as a strong growth opportunity and believe that PKL, with its established presence in the most popular Polish mountain locations, represents an attractive entry route and consolidation platform in this market.
“We plan to actively contribute to the success of the Company and support its growth by leveraging our experience in the services sector.”
Mid Europa has recently exited its stake in Polish healthcare company Lux Med, bagging a return of 2.5 times.
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