Treasury okays DEC sale to U.S.-based GATX Rail
The Treasury Ministry has given the green light for the sale of railway fuel
transporter Dyrekcja Eksploatacji Cystern (DEC) to U.S.-based GATX Rail
Overseas Holding Corp., catapulting DEC onto the international fuel
transportation market. DEC, whose domestic market share in railway fuel
transportation is 98%, delivers approximately 30%-40% of all fuels in the
country. Owner of 11,000 tanks capable of transporting 640,000 tonnes of
fuel a year, the domestic transporters 1999 net profits reached zl.27
million on revenues of zl.339 million. (Prawo i Gospodarka, p.4;
Rzeczpospolita, p. B2)
