Stock purchase deal allows Neoplan Polska to enter the EU bus market

Bus manufacturer Neoplan Polska (NP) has repurchased 30% of its own stock from the Neoplan Stuttgart company. The deal means that NP is no longer bound by a number of agreements concluded with its German parent company, including one on market division that gave the Stuttgart company exclusive rights to sell buses in the EU, while NP was permitted to operate only in Eastern Europe. According to chairman of NP, Krzysztof Olszewski, "The decision is of key importance to us, because we are now free to sell in the EU, the richest market in the world." NP produces around 400 buses a year, and is constantly increasing its production capacity. Now that it is free to operate in the EU, NP is preparing to submit bids for several tenders, among them the provision of buses for the city of Berlin. (Prawo i Gospodarka, p. 2) M.T.