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.