700 million lifebuoy for Rafako and Rafamet. The government presented a plan

The government will transfer over PLN 700 million to the Industrial Development Agency. to help Rafako and Rafamet companies – Prime Minister Donald Tusk informed before the Tuesday meeting of the government.

“I decided to transfer over PLN 700 million to the Industrial Development Agency, this money will be used, among others, to help two Racibórz companies. Of course, Rafako, it is about launching production again – we will define what is possible. However, funds, so that this will become a fact, we will assure, through ARP” – said the prime minister.

“I Rafamet, a second company that is at the disposal of the ARP today, will also receive help, which should allow not only survival but also the development of this company” – he added.

Prime Minister Donald Tusk previously announced that on the basis of Rafako and more broadly in Silesia it is possible to quickly produce large -scale in the reinforcing range.

At the beginning of April, the Industrial Development Agency reported that Polimex wants to join the company with ARP and TF Silesia to take over selected Rafako assets. A few days ago, the ARP reported that the lease offer of a significant part of Rafako's estate will be submitted in mid -May. As reported, the investment financing round and verification of the developed business plan are closed at this stage, investors also expect the consent of UOKiK for concentration.

Rafako is a longtime contractor for energy blocks and a manufacturer of energy equipment, for years one of the largest employers in the Racibórz region. In December last year, the District Court in Gliwice issued a declaration of bankruptcy of Rafako. It became final on January 21.

A few days ago, the management of the Rafamet machine tool factory adopted a strategy to conduct the restructuring process. It assumes, among others recapitalization of the company by the chief shareholder, i.e. ARP.

As then reported, it is assumed to take action on the side of the company's main shareholder, i.e. the Industrial Development Agency in the form of a recapitalization in the amount of PLN 80 million – in four tranches – PLN 30 million in the second quarter of 2025, PLN 20 million in the fourth quarter of 2025, PLN 20 million in the second quarter of 2026 and PLN 10 million in the third quarter in the third quarter 2026, as well as financing in the form of a loan in the amount of up to PLN 16 million. The company also assumes the conclusion of Standstill contracts with the main financial creditors and launching a bridge loan granted by the ARP, until the first tranche of recapitalization from increasing the share capital is launched.

Rafamet reported that he was noticing the development potential on the light and heavy railway market, on the energy market, as well as on the arms market. (PAP Biznes)

Pat/ Pel/ Ana/