PKP Cargo acquires PMT

PKP Cargo, a Polish state-owned cargo transportation company, plans to acquire up to 50 percent of Pol-Miedź Trans (PMT) shares, the company informed in a press release. PMT belongs to KGHM Polska Miedź, a Polish state-owned copper and refined silver producer. PKP Cargo’s decision is the result of the desired consolidation of the cargo transportation market. The company also seeks new market and trade contacts. PMT, on the other hand, needs new investments. The process of PMT partial acquisition by PKP Cargo shall end by Q1 of 2015. PMT will have access to PKP Cargo’s trains, as well as logistics services.