PKP Cargo takes an eye on KGHM Polska Miedź

PKP Cargo plans to acquire up to 50 percent of shares in Pol-Miedź Trans, a Polish transport company belonging to KGHM Polska Miedź

PKP Cargo, the leading rail freight operator in Poland, plans to acquire in the first half of 2015 up to 50 percent of shares in Pol-Miedź Trans, a company wholly owned by KGHM Polska Miedź S.A. Pol-Miedź Trans controls approximately 2.5 percent of the Polish transport market, has a stable revenue base and is financially sound. Cooperation between PKP Cargo and KGHM Polska Miedź is in line with the carrier’s strategy, which calls for an active role in the consolidation of the Polish freight market, currently divided between some 60 players.

Cooperation with KGHM on rail freight will help PKP Cargo achieve its strategic goals. The Polish carrier has recently signed a letter of intent regarding the potential acquisition of the full stake in CTL Logistics—a high-potential company with a stable share of the Polish and German rail freight markets. At the same time, PKP CARGO announced an agreement on the potential acquisition of one of the largest private rail freight operators in Europe: the Czech AWT, which controls approx. 8 percent of the Czech market.

Pol-Miedź Trans Sp. z o.o. with its registered office in Lubin is a Polish transport company founded in 1997. It offers road and rail transport services, engages in petroleum products trading, repairs wheeled vehicles, rail cars, machines and equipment, and operates in the freight forwarder business. It belongs to the KGHM Polska Miedź S.A. Capital Group. In 2013, PMT’s share in the Polish rail market was 2.4 percent in terms of freight volume and 2.1 percent in terms of freight transport.

www.pkp-cargo.pl

Quelle: LogEastics
Portal: www.logistik-express.com