PKP Cargo looking for new mergers and acquisitions
19:08
PKP Cargo CEO has confirmed its interest in mergers and acquisitions transactions (M&A) on the market of fuel and petchem products shipment.
"We are interested in the market of fuel and petchem products shipment," PKP Cargo CEO Maciej Libiszewski said as cited in a statement. "We are screening the firms operating on that market and we will continue to talk about acquisitions in that segment."
On Friday, PKP Cargo informed it was stepping away from the November 2015 conditional deal to buy fuel group PKN Orlen's railway cargo units Orlen KolTrans and ZPC Kolej, previously estimated at PLN 251.6 million.
PKP Cargo is part of the PKP Group, the largest railway freight carrier in Poland and the second biggest in the EU.
