PKP to push subsidiaries sale forward
State railway group PKP will push through the sale of its subsidiaries as part of a plan to reduce debt, CEO Jakub Karnowski told Rzeczpospolita in an interview. The holding now owes some PLN 3.2–3.3 billion to creditors.
“PKP Emergetyka will be put on sale in the autumn of this year,” Karnowski said. “We have decided to get a strategic investor for the company.” He added that large energy firms have expressed interest in the firm, but he declined to give any names.
IT unit PKP Informatyka and telecommunications firm TK Telekom are also being prepared for privatization, Karnowski said. While TK Telekom will be on sale in autumn, the sale of PKP Informatyka will be finalized in the second half of 2015.
