Polski Express mulls zl.70 million bid for PPKS Warszawa

Long-distance bus and coach operator Polski Express is reported to be interested in taking over a majority stake in Poland's largest bus company, PPKS Warszawa. Privately-owned Polski Express, which is financially linked to Britain's National Express Group, will have to pay up to zl.70 million for the stake. "The interest in our company is very large. We've had a couple of offers for cooperation," said Pawel Krajewski, a senior executive with PPKS Warszawa. Although company representatives estimate PPKS Warszawa to be worth between zl.30 million and zl.40 million, potential investors have put a zl.50 million to zl.70 million valuation on the majority stake. Polski Express has already put forward a number of ideas for PPKS Warszawa's development. Andrzej Wasiak, Polski Express CEO, is quoted as saying, "A better way of exploiting the company's assets and fleet is essential." (Puls Biznesu, p. 8) A.K.