PKP ER wants to convert part of its debts into shares

"We proposed converting at least part of our debts into company's shares. We need to remit the debt, otherwise we will not be able to regionalize transport and in this way we can regain credit ability," said Janusz Dettlaff, president of PKP PR. The settlement has to be reached by March 22 and the most important decision lies with PLK, which is owed more than half of the outstanding money. Creditors may agree to partial conversion of debt, but they need at least some cash to cover their own obligations. (Puls Biznesu, pp. 1, 4) M.M.