Employees and investor want to jointly buy PKP Intercity

"Employees want to set up a company, which will purchase Intercity from PKP. The project will be backed by Polish financial investors, who apart from own engagement, may grant a loan to employees to purchase the shares," said Jacek Prześluga, president of PKP Intercity. He assured that the project is interesting for banks, as well as private industrial entrepreneurs. "This is a better solution than acquiring a sector investor," said Prześluga. A project related to restructuring PKP presented to Law and Justice (PiS) and Civic Platform (PO) envisages that privatization of Intercity should bring in revenues of zł.403 million. Author of the project Krzysztof Tchórzewski stated that the employee/financial backer option would mean that neither a sector investor nor a flotation on the bourse are necessary. According to Prześluga privatization should be carried out by the end of 2006. (Puls Biznesu, pp. 1, 9) M.M.