ARP becomes strategic investor of Przewozy Regionalne

State-controlled Industrial Development Agency (ARP)and Przewozy Regionalne (PR) reached a recapitalization agreement, thus ARP acquired a stake worth over PLN 770 million, the company informed. "Thanks to the recapitalization, the company (Przewozy Regionalne) has obtained the funds required to rebuild it. PR has to reclaim its profitability and investment capability permanently," said Marek Szczepański, the CEO at ARP. Przewozy Regionalne is Poland's largest railway carrier.