PKP Cargo acquires Czech Advanced World Transport
12:14
Czech antimonopoly watchdog has given a green light for acquisition of 80 percent stake in Advanced World Transport (AWT) by Polish PKP Cargo. The deal is valued at €103,2 million (roughly PLN 445 million).
The transaction had been previously approved by Polish, German and Slovak antimonopoly watchdogs. The recent approval was the last condition suspending the agreement.
PKO Cargo informed that it signed a deal to purchase 80 percent stake in the Czech Republic's second largest cargo operator at the end of the last year.
