ARP to consolidate cargo operators?

The state-owned Industrial Development Agency (ARP) has been planning the consolidation of the Polish railway cargo industry, according to Puls Biznesu daily. The Ministry of the State Treasury has already signed a letter of intent with Lotos Kolej, which controls 8.9 percent of the market, the daily informed. Orlen Koltrans, Pol Miedź Trans and transport subsidiaries of the largest mining company, Jastrzębska Spółka Węglowa will also be acquired by the state treasury. As a result, a entity with a 15 percent of market share may be established, Puls Biznesu pointed out. ARP representatives have not commented the news.