Newag to review strategic options

WSE-listed rolling stock producer Newag launched “a review of potential strategic options” and wants to ask state-run Polish Development Fund PFR for help in being a part of the EU-wide consolidation process. “The company decided to launch a review of potential strategic options tied to the consolidation processes in the European rolling stock production sector. The company intends to hold talks with PFR on its potential engagement in the realization of the selected strategic option tied to the project, including direct or indirect engagement in the company as well as potential cooperation after the project realization,” Newag said in a market filing, adding that no binding decision has been made.