Locked content PFR files PESA takeover motion to UOKiK

FIPP FIZAN fund controlled by state-run Polish Development Fund PFR filed the motion to the antitrust watchdog UOKiK to takeover rolling stock producer PESA. Back in May, PESA signed an agreement regulating in detail the rules for the takeover of its shares by the Polish Development Fund. This meant...

Locked content PFR to takeover PESA

Troubled rolling stock producer PESA Bydgoszcz has signed an agreement regulating the details of the takeover of its shares, by the state-run polish Development Fund PFR. The deal is expected to be finalized by mid-June. “The completion of negotiations is good news for the company and its employees,...

Locked content PESA with PLN 310 mln deal with Warsaw

Rolling stock producer PESA signed a PLN 310 million agreement with Warsaw’s local public railway SKM to deliver 21 trains. “This is the largest purchase in the history of our company. New trains will significantly increase our transport capacity and allow the launch of further agglomeration connect...

Locked content PFR with preliminary investment deal for Pesa

The Polish Development Fund (PFR) has signed a preliminary agreement regarding investment in rolling stock producer Pesa. “The Polish Development Fund has concluded an initial agreement regarding the investment in PESA and currently has the right to exclusive negotiations,” PFR CEO Paweł Borys said....

Locked content Pesa with new CEO

Bus producer Pesa appointed Krzysztof Sędzikowski as its new CEO. He replaces Robert Świechowicz who lasted only 6 months in this role. He will be the company’s third president in less than one year, as back in June, Pesa’s long-time President Tomasz Żaboklicki resigned Previously, Sędzikowski was a...

Locked content PESA with PLN 238 mln deal with Wielkopolska

Rolling stock producer PESA Bydgoszcz signed a PLN 238 million contract with the Wielkpolska voivodship for delivery of 10 electric trains. “We have decided to purchase 10 new passenger trains, which will be used on the local Koleje Wielkopolskie routes connecting Poznań with Rawicz and Krzyż during...

Locked content Pesa wins €50 mln tram contract with Kiev

Rolling stock producer Pesa signed a €50 million deal for the delivery of 40 low-floor trams to Kiev, Pesa said in a market filing. “This is a great pride for us, but also a confirmation of the good opinions of passengers and the carrier regarding our products. The trams delivered so far to Kyiv hav...

Locked content Pesa with new CEO

Bus producer Pesa appointed its Vice President Robert Świechowicz as the new CEO. Świechowicz will replace Tomasz Zaboklicki, who served as the company’s president for 16 years. He will now serve as the deputy chairman of the supervisory board, joining other two main shareholders, Zygfryd Żura...

Locked content Pesa and PFR invest PLN 200 mln in Rail Capital Partners

Pesa Bydgoszcz and the Polish Development Fund (PFR) have signed a deal to invest PLN 200 million into Rail Capital Partners over the period 2016-2020. The newly established company will lease locomotives to public and private rail operators. “The aim of the PFR is to support Polish companies ...

Locked content Pesa lands another deal in Bulgaria

Bydgoszcz-based Pesa has won a tender and signed a deal for delivery of five Swing trams to the city of Sofia, Bulgaria, the company reported. The value of the contract stands at 8.5 million, which roughly translates to PLN 37.8 million. Previously, Pesa landed a deal with the same partner and has a...