Railway freight transportation firm PKP Cargo may consider a bond issue as a means of financing potential acquisitions, CEO Adam Purwin was quoted as saying by ISBnews. The company is constantly monitoring the market, but no takeover talks are advanced as yet, he explained.
“Our IPO and the company’s valuation demonstrate that the railway transportation market is attractive,” Purwin said. “The goal of our acquisition plans is diversification, we are looking for options both in Poland and abroad.”
PKP Cargo now has some PLN 700-800 million in cash and almost no debt, the CEO added. In case of an acquisition it could make use of its own funds. Another option is debt financing, either with a bank loan or with bonds. The size of the potential bond issue may justify denominating it in euro, he added.