Global law firm White & Case has advised Towarzystwo Finansowe Silesia (TF Silesia) on a preliminary agreement with Centralny Port Komunikacyjny (CPK) for the sale of 38 percent of its shares in Torpol, a railroad infrastructure contractor listed on the Warsaw Stock Exchange.

The preliminary agreement was signed on January 24, 2023 and the final agreement will be signed after all required corporate and regulatory consents have been obtained.

CPK is a Polish state treasury company which carries out the Central Transportation Port programme, which entails the construction of a new central airport in Poland and coordination and implementation of related investments, including a new network of railway lines, expressways, highways and other technical infrastructure.

Torpol is a public company listed on the Warsaw Stock Exchange that focuses on complex modernization and construction of railroad infrastructure, adapting the Polish railroad system to the requirements of EU and international regulations on railroad traffic.

The White & Case Warsaw team which advised on the transaction included partner Rafał Kamiński, local partner Monika Dużyńska and associate Damian Lubocki.