Jan Kulczyk, the richest Pole and Tamoilu

For the treasury and economy ministries received a letter of intent from the joint venture, Jan Kulczyk, the richest Pole and Tamoilu, Libyan oil company interested in buying at least a few percent of the shares of Grupa Lotos – told “Puls”.

Serin and Tamoil ensure that investment quickly and finalize their own resources. The transaction would have become independent Poland from Russia in oil supply and thus improve the energy security of our country.

The final package will determine the size of the Treasury. He is, after the sale at the end of January, 14 million to fuel the company’s shares on the stock market indirectly, invited potential investors to tender. At the same time indicated they would welcome a partner who will bring the upstream or oil deposits. Joint venture and Jan Kulczyk Tamoilu is the first such candidate.

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Jan Kulczyk gets rid of Orlen shares

Record turnover in shares of PKN Orlen was recorded during the Thursday session of the Stock Exchange. Analysts speculate that the transaction is Jan Kulczyk company that could not get the 320 million zł.

During the Thursday session, changed the owner as much as 10 million of securities of the company. The value of turnover amounted to 759 mln zł. With such high turnover mainly correspond to the two transactions with the chair. 12.40. Owner changed until the 8.59 million shares Orlen, or 2 percent. shares issued.

Speculate how these two blocks of shares sold belong to the richest Pole Kulczyk Holding. – Recently, Serin reduced involvement in the biggest Polish petrochemical company. After Thursday the transaction has about 2.5 percent. shares of the company – told us asking to remain anonymous analyst.

Also, which analysts contacted by Reuters journalists claimed that the transaction was the company Jan Kulczyk. Kulczyk Holding representatives refused to comment on this topic. Do not confirm speculation, but they also do not deny.

Orlen will not have to publish a Communication on this subject. Under the law the obligation of public information, only those transactions that result in exceeding the relevant thresholds – in this case, 5 percent. shares. Meanwhile, two weeks ago, Jan Kulczyk reduced its involvement in Orlen from 5.69 to 4.78 percent.

On Thursday the transaction could well earn Serin. Richest Polish businessman, only once – in mid-2002 – informed the Commission that is 5.69 percent. Orlen – told us recently spokesman for the Securities and Exchange Commission Dajnowicz Luke. This means that buying shares in a price range 17-24 zł. Assuming an average of one share of a businessman earned 17 zł, Kulczyk profit amounted to 150 million zł.

Despite the decrease in involvement in Orlen, how many shares the company is Greater businessman will continue to examine the Securities and Exchange Commission. The Commission initiated an investigation following the disclosure by the Sejm Orlen Commission of Inquiry on the notes for Jan Kulczyk contacts with the Russian spy Vladimir Alganov.

The notes, which made the then head of Intelligence Agency, Zbigniew Siemiątkowski, that a businessman engaged in Poznan Orlen shares of $ 300 million. This would mean that more than doubled to more action than declared – about 14 percent.

Sale of shares by Kulczyk affected the listing of securities of the group. On Thursday, PKN’s share price fell by more than 1 percent. – To 37.1 zł. WIG20 index recorded an increase of 0.3 percent.

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Only Vivi! first interview with Joanna Marchut, businesswoman, mother of three sons, Jan Kulczyk partner. The constant travel, destiny and life at the side of the richest Pole.

We met three years ago. Long insisted on the interview to describe what he is mysterious, beautiful blonde, is increasingly appearing alongside the richest Polish entrepreneurs. Has consistently refused, until finally persuaded by mutual friends invited me to his apartment Zoliborz. I then adopted, without makeup, in jeans and tee-shirt. Direct, smiling and friendly. On one hand, tough and resourceful woman of business, legal adviser, the owner of a thriving dental clinics and restaurants, on the other – and the heat responsible mother of three adolescent sons.

Few talked for about an hour, even a zaprzyjaźniłyśmy. Then our knowledge of this sustained, though with John Kulczykiem went to London. SMS for the holidays, name-wishes, a brief relationship with life outside the Polish, anecdotes. E-mails in which rozprawiałyśmy about children and the political situation. Always well-oriented in current events and always consistently avoids details about the connection with John.

I finally wrote: “I agree, let’s do an interview.” For me it was a signal that mature, that her life with John Kulczykiem is no longer a sensation that her words do not hurt anyone, that anything anyone does not have to explain. And most importantly, that both ordered their family situations. Well …

– … That a woman has chosen John Serin?
Joanna Marchut: Independent. And who knows its value. I am inured, because life is not szczędziło me problems. Errors taught me humility and distance to each other, people and things that once seemed important. Jack likes me for it, that I dare to disagree with him that it undermines his historical assessments and the courts that the Natural Mystic intellectual turmoil in his head. Well, that I can firmly defend their opinion.

– You are like two overlapping elements?
Joanna Marchut: It is very creative and really cements the relationship. Continuous surprising in discussions until dawn, the war in the arguments. This is love, right? It has no place for boredom, routine, to avoid. It’s a huge compliment for me when Jack says I’m his best friend. I always admired in him the power of intellect and character. And that alone I am not weak, I visit rebeliantką destroying the established order, it could not fall in love with a man who is undecided on its own or touchy point. Recently, amused, he said, that act like a typical sparring partner. This is a great compliment. Difference of opinion is inspired to action, warms to life.

– Did a few years ago imagined himself that will roll your life?
Joanna Marchut: Please, no kidding. Several years ago, fought for happiness for himself and his sons. I fought for the independence of the emotional and financial.

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Joanna Marchut first gave a press interview in which she told about life at the side of the richest Polish entrepreneurs.

Jan Kulczyk partner is a qualified solicitor, every day the owner of dental clinics and restaurants, and mother of three sons. With John met at a party at a common friend.

He says that life is not szczędziło its problems – has had a difficult divorce. Current partner likes her because she “has the courage to disagree with him and undermine his historical assessments and the courts.” Her life is a constant travel and work. With his sons often sees only on weekends.

Now, with Kulczykiem, lives in London. In its view, is “a particular challenge to try to keep up with such a man, how is John ‘:

“My sacred duty is also to offer him mute and sensitivity, but often also an additional motivation, the impetus to further raise the bar” – said in an interview for “Viva”.

There is a meeting for her with friends

There is simply no time. Meals eaten with the designers, the presidents of the most exotic countries in the world, businessmen. The boundary between life and work had long since faded. It is, however, very happy:

“I’m with a man who is for me back, refuge, safety guarantees. I have a partner, whom I trust and I offer him the same thing. Finally, I have a crazy guy with his head in the clouds and my heart in my hand.”

Marchut believes that to Jan Kulczyk nothing is impossible. In support of these words refers to the anecdote. Her son, as an editor of school newspaper, had an interview with Lech Walesa. John made a few phone calls, put Philip on the plane and held a meeting …

Jan Kulczyk looking for oil in Africa

In an interview for TVN CNBC Biznes Jan Kulczyk revealed that the increased interest in African Ophir Energy company, dealing with oil and started new wells in Africa. Serin also invests in alternative energy sources.

Serin revealed that he has a more than 20 percent. shares Ophir Energy and mining shares listed on a Canadian stock exchange company Loon Energy.

– We have already started drilling in Equatorial Guinea, starts in Tanzania. I do not want zapeszać, but it looks optimistic – John Key said.

In an interview with TVN CNBC Biznes Kulczyk also reminded that he is the head of Green Cross International, and also increases its investment in renewable energy production.

– Create a solar energy fund in Dubai – he added.

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Jan Kulczyk, previously known as the promoter of the Polish-German economic cooperation, has been president of the Polish-Ukrainian Chamber of Commerce. Is it access to investment Kulczyk Holding in Ukraine? Holding the Poznań entrepreneur declares that it is interested
In the early 90s Jan Kulczyk participated in the creation of the Polish-German Chamber of Industry and Commerce, and is now its honorary president. Now, an entrepreneur from Poznan became the head of the Polish-Ukrainian Chamber of Commerce.

National Chamber of Commerce President Bill Richardson, who up to that szefował Polish-Ukrainian Chamber, it will remain as President of the Council Chamber. Ukraine was in the Council will represent the Vice President Tariel Wasadze.

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Securities and Exchange Commission will examine how many shares to PKN Orlen Jan Kulczyk

The Securities and Exchange Commission announced on Friday that it would monitor how many shares to PKN Orlen, Jan Kulczyk. Even if you have more than declared, it is proving to be very difficult
How many shares to PKN Orlen Jan Kulczyk? The richest Pole, declares that the 5.69 per cent. What else is clear from one of the disclosed on Thursday by the Parliamentary Commission of inquiry into the Orlen notes. It concerns Kulczyk contacts with the Russian spy Vladimir Alganov.

The note, signed by the Head of the Intelligence Agency Zbigniew Siemiątkowski after talking to the Kulczykiem we learn that a businessman engaged in Poznan Orlen shares of $ 300 million. This would mean that security is more than double than declared – about 14 percent.

Meanwhile, the law requires, to inform the Securities and Exchange Commission for further crossing barriers – 7, 9, 11 or 13 percent. shares quoted on the Warsaw Stock Exchange.

Securities and Exchange Commission has addressed the issue of the possible concealment of the actual shares in PKN by Kulczyk. According to analysts, however, very difficult to prove the businessman that he could break the law.

– The Commission would have to prove that he actually Jan Kulczyk has more action than declared – Adam considers Ruciński, investment advisor to the TFI PZU.

As analysts say the stock market, it is common to apply different treatments to allow you to hide the actual number of papers. One of the most popular is to buy shares through banks and investment funds. Theoretically, the shares are in accounts of these institutions, in fact, belong to the investor.

– Often, the investor does not need to immediately engage their money. Just sign the contract in which it undertakes to buy back shares at a specified price within a specified time – explained Ruciński. – This method applies when the investor has no cash needed temporarily – Ruciński added.

Can I fight this out;? – It would be necessary to prove that part of the share-holders is affiliated. For example, shareholders have a common board members, etc. But it is very difficult – Sebastian Slomka believes the BDM PKO BP.

Why do shareholders do not want to disclose? A stock analyst: – It is easy. In companies where shareholders is fragmented, when suddenly reveal the true number of shares and surprise the enemy, it is easier to push yourself comfortable for a solution. The PKN under certain conditions about 14 per cent. holding could decide many cases.

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At the head of the Polish Business Council stood Jan Kulczyk. The Council has also adopted a resolution on Saturday, which calls for a revision of the budget assumptions for next year: reduce spending, deficit reduction and reform the public finances.
Entrepreneurs are pleased with the reduction in corporate tax to 19 percent. and placing the blind and individuals engaged in economic activity (PIT). They urge, however, to introduce a flat tax for everyone. – There will be more money in the market, increase consumption, so that the state earns more in VAT – convinced the President of the Deutsche Bank Hubert Janiszewski during a press conference. – If you do not want the rich to spend money on trips abroad – he sighed representative “Stands “….

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Jan Kulczyk fortune is estimated at up to several billion zlotys. In building a financial empire Greater businessman helped the most lucrative contracts with the state.

What is the value of the assets Jan Kulczyk, the answer to this question, few people know. Media estimates that its total assets ranges from a few to even a few billion zlotys.

Getting a lot of money through contacts with the State Serin earned in 1992. Signed an agreement to sell for around 150 million zł 3119 Volkswagen for the police. Intermediary in the transaction was intended Kulczyk Tradex volkswagenami exclusive trade in Poland. The purchase was without a tender.

With millions of over one billion

A year later, Greater businessman perhaps the greatest success achieved. For the first time applied the principle: buy cheap from the states – sold for foreign investors. Kulczyk Holding, owned by the company bought the Euro Agro Centre for $ 20 million zł 40 percent. Brewery shares Wielkopolskich. On the transaction agreed to the then Minister of privatization Janusz Lewandowski – later explained that he believed that sells the Polish capital breweries. Part of the remaining shares would be sold through the stock exchange, where the company was hit. Never, however, this did not occur. First Greater businessman without the state, has raised its beer capital of the company – he was Minister Wieslaw Kaczmarek (SdRP) – which allowed him to take control of it. Then in the Brewery Wielkopolskich appeared big foreign company SAB (now SABMiller). Soon Kulczyk jointly with a foreign giant Tychy Brewery bought for 75 million dollars.

Currently, shares in Jan Kulczyk KP (under such brand name companies working together) are 28.1 percent. Their value can be estimated by comparing the value of the Company having almost identical market shares in a listed group Zywiec. Its market capitalization is now about 5.1 billion zł. Since belonging to Kulczyk Euro Agro Centre Company is 28 percent. shares, so their estimated value – 1.43 billion zł.

Worth as breweries

Just as with the producers to have a beer with the insurer Warta. First, in the mid-90s Serin bought a few percent stake in the state treasury. Then he focused part of the shares belonging to other private investors. The next step was the exchange of financial mogul Creditanstalt. Serin PBK sold his shares in return received a further stake in Warta. Now that you have complete control, bought a resztówkę from the Treasury. At one point, when he was Treasury Minister Emil Wasacz (nonpartisan).

As in the case of breweries, Serin looked big western investors. It was the Belgian company KBC. It is not known how many, Jan Kulczyk earned on transactions with the Belgians.

Current capitalization of the insurer is around 1.7 billion zł. The value of shares which remained Serin (24.6 per cent.), Is about 430 million zł.

When it is not possible, it Serin

Experience from the breweries and learn Warta foreign investors, that Jan Kulczyk may be the best agent and the business with him, you can earn well.

This was the case four years ago privatized TP. In July 2000, Serin created jointly with the French consortium. With 4.3 billion zł bought it 35 percent. TP SA shares. Chancellor of the Exchequer at the time was Andrew Chronowski (AWS). Earlier, the French rejected a separate bid. Serin himself declared that his company owns 13.57 percent. share the largest Polish telecommunications operator. Except that the shares bought on credit. His was the guarantor of the French.

Finally, a few weeks ago France Telecom bought the shares from Kulczyk TP. The businessman earned on the 40 million euros. What’s more, Kulczyk Holding will continue to be able to benefit from the increase value of shares of TP SA. Where to 6 July 2006, a rate more than 56 zł, will get a bonus, but not more than 110 million euros.

Profits from dividends

Through controlled company Kulczyk is a significant shareholder of PKN Orlen. The value of shares owned by him is about 750 million zł. Then there are gains from dividends – about 3.5 million zł.

Increase or decrease the penny stock Orlen mean weight loss or thickening of the richest portfolio of Pole by about 20.5 million zł.

It is noteworthy that according to one of the recently disclosed by the Sejm Orlen Commission of Inquiry on Kulczyk notes about contacts with the Russian spy Vladimir Alganov Serin was informed that the shares of PKN has invested approximately $ 300 million. This took place two years ago. If this actually occurred, only at the share price increases (with the assumption that they had Serin about 70 million), a businessman earned about 120 million zł.