PKP not selling more shares in cargo unit

Poland’s state-owned railway group PKP has no intention of reducing its stake in freight firm PKP Cargo below 33 percent, the group’s CEO Jakub Karnowski told Parkiet. It recently sold 17 percent in the subsidiary for PLN 583.5 million. “We want to leave the company with options for raising capital for potential acquisitions in Poland and abroad,” Karnowski said. PKP Cargo has already suggested it could buy a foreign railway freight operator and that it is interested in Polish sector companies.