PKP Cargo will not buy CTL Logistics

Railway freight transportation firm PKP Cargo has failed to reach an agreement with European Rail Freight II on the acquisition of CTL Logistics, the company said in a statement on Wednesday. Sources quoted by ISBnews had earlier said that there was practically no chance for PKP Cargo to get anti-monopoly approval for the takeover. The railway cargo firm said that it is still in talks to buy Czech rail transport form AWT and to buy a minority stake in KGHM’s Pol-Miedź Trans.