PKP Intercity to enter WSE in 2018

PKP Intercity will be partially privatized through trading its shares on the Warsaw bourse in 2018, yet the controlling stake is to remain in the state treasury's hands, Jakub Karnowski, the CEO at PKP told the Polish Press Agency (PAP). "In 2018, we are going to sell PKP Intercity on the Warsaw bourse the same way we did with PKP Cargo, except a 33 percent stake will remain ours," Karnowski said, adding that in PKP Intercity's case the controlling stake will be owned by the state treasury. Recently, the railway group has sold PKP Energetyka and TK Telekom.