Jakubas to sell 40% of Newag’s shares

Image : Newag

Newag’s main shareholder, Zbigniew Jakubas has been in talks regarding selling his stakes worth roughly $116 million. Alstom, Bombardier, Stadler and Skoda are considering the purchase. Siemens may be interested as well, Puls Biznesu daily reported.

As much as 40 percent of Newag’s shares has been put up for sale since December 2014. “The offer was directed at selected strategic investors,” an anonymous source said, according to the daily.

“If there is a concrete proposal to buy my holding, I will take it into consideration,” Jakubas said.

The company’s revenue is to reach PLN 1 billion this year and the multi system locomotive manufactured by Newag is to enter some markets abroad, according to Jakubas.

Newag is a Polish company, specialising in the production, maintenance, and modernization of railway rolling stock. The company has been listed on the WSE since 2013.

 

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