Locked content PKP Cargo to expand intermodal transport

Poland’s major freight carrier PKP Cargo plans to expand its operations in the intermodal freight transport market. Traditionally the rail freight carrier is responsible for the shipping of coal, aggregate and building materials. Since last year’s debut on the stock exchange, PKP Cargo h...

Locked content PKP Cargo given PLN 500 mln credit

PKP Cargo, a Polish state-owned cargo transportation company has been granted PLN 500 million investment credit from Bank Gospodarstwa Krajowego (BGK), the company announced in a press release on Friday. The money will be utilized to finance the repair and modernization of locomotives and cargo rail...

Locked content PKP Cargo to acquire Pol-Miedź Trans

PKP Cargo, a Polish state-owned cargo transportation company, plans to acquire up to 50 percent of Pol-Miedź Trans (PMT) shares, the company said in a press release. PMT belongs to KGHM Polska Miedź, a Polish state-owned copper and refined silver producer. PKP Cargo’s decision is the result of the d...

PKP Cargo to acquire Polish and Czech firms

Polish railway cargo transportation company PKP Cargo plans to take over Advanced World Transport, a Czech Republic’s private company with 8 percent (as of 2013) contribution into Czech’s cargo transportation, said Dziennik Gazeta Prawna on Wednesday.

Locked content PKP Cargo finishes H1 2014 close to predictions

PKP Cargo, Polish railway freight transporting company, in Q2 of 2014 generated net profit of PLN 69.9 million, which was close to PLN 71.7 million predictions. EBIT was PLN 100.5 million, with the market consensus estimate at PLN 90.5 million. EBITDA rose to PLN 191.2 million, close to predictions ...

PKP Cargo to buy locomotives for PLN 200 mln

Poland’s largest railway freight operator PKP Cargo wants to open a tender for ten multisystem locomotives worth approximately PLN 200 million. The company wishes to use it to independently transport goods to Germany, the Czech Republic, Slovakia, Austria, Belgium, Hungary, The Netherlands and...

Locked content PKP Cargo on the lookout for takeovers

Poland’s largest railway freight operator PKP Cargo is in advanced talks on takeovers in the logistics sector, the company’s CEO Adam Purwin told Parkiet. “We are now analyzing several acquisition projects. The talks are at various stages of advancement,” Purwin said. More information will be availa...

Locked content PKP not selling more shares in cargo unit

Poland’s state-owned railway group PKP has no intention of reducing its stake in freight firm PKP Cargo below 33 percent, the group’s CEO Jakub Karnowski told Parkiet. It recently sold 17 percent in the subsidiary for PLN 583.5 million. “We want to leave the company with options for raising capital ...

PKP Cargo mulls acquisitions and debt financing

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.