The supervisory board of PKP Cargo has agreed to conclude agreements with Forespo Poland concerning the purchase of real estate and movables of the former Gniewczyna Wagon Factory, the company has announced. PKP Cargo stresses that today’s decision of the board is the first step to resume production of wagons in this plant. The total final sale price of the real estate and movables included in the agreement amounts to almost EUR 7.4 million gross.

Forespo Poland is a subsidiary of Forespo from Slovakia, which owns assets of a former freight car factory in Gniewczyn Lancucka near Przeworsk (Podkarpacie region). Currently, there is no production of rolling stock there, but Forespo Poland owns real estate with production halls, warehouses and office buildings, and a railroad siding. In a letter of intent signed in September 2019, PKP Cargo said it would renovate and adapt the plant to resume production, the material recalled.

The agreement transferring the ownership of the real estate and movables will be concluded by April 30, 2022, at the latest, the information concluded.

PKP Cargo debuted on the Warsaw Stock Exchange in 2013. The company operates in the freight, intermodal, forwarding and rolling stock repair segments and has its own modernization facilities and its own transshipment terminals. The company is the No. 1 carrier in Poland and the second-largest in the European Union. In 2020, it had PLN 4.08 billion in consolidated revenue.

(ISBnews)