ZUE signs letter of intent to aquire Railway

Poland's construction company ZUE  signed a letter of intent to acquire 70 percent of Railway's shares on Monday, the firm informed. "Singing the letter of intent regarding acquisition of majority stake of Railway is an important step for our strategy to expand our business by manufacturing and trading activities. We would like it to account for one quarter of our business," the firm's CEO Wiesław Nowak said. Kraków-based Railway entered into the rights of ThyssenKrupp GfT Polska Spółka, a subsidiary of Germany's ThyssenKrupp AG. The German company quited selling rail infrastructure in Poland in 2014, ZUE wants to continue the business through Railway.