PKP Cargo resigns from railway companies Orlen – Polish Radio

In November of 2015. PKP Cargo announced that it has entered into a preliminary agreement with PKN Orlen on acquisitions Orlen KolTrans and Euronaft Trzebinia. The transaction value amounted to more than 250 million zł. Its finalization required the consent of the Office of Competition and Consumer Protection.

“The decision of the board of PKP Cargo SA to withdraw from the contract of sale was preceded by a deep analysis of the legitimacy of the transaction of acquisition of assets railway KolTrans and Euronaft” – written in the message.

 

Why was shopping?

It was added that the resignation of the purchase was dictated by “a number of identified risk factors for PKP Cargo,” arising from the implementation of the agreements, Ryżki on the future of the market, ” against the social side to the change of ownership of assets “and the protracted proceedings before UOKiK and the anticipation of the approval of the President of the OCCP concentration.

 

PKP Cargo wanted to get more involved in the carriage of liquid fuels
In November last year, then president of PKP Cargo Adam Purwin justified the decision to purchase company plans to change the strategy of PKP Cargo for the years 2016-2020. It implied a reduction in the share of coal in transport and increase the share of PKP Cargo in the market for the carriage of liquid fuels.

The company Orlen KolTrans and Euronaft Trzebinia operate in the market of fuels and chemicals. Carrying more than 40 percent. products manufactured by PKN Orlen, mainly to fuel terminals and chemical plants. Orlen KolTrans and Euronaft Trzebinia hold a total of approx. 2.5 per cent. share in the Polish market, calculated shipping work.

PKP Cargo is the largest cargo rail carrier in Poland and the second in the European Union. October 30, 2013. This company made its debut on the Warsaw Stock Exchange in Warsaw. Currently included in the index mWIG40. Its main shareholder is the PKP SA.

PKP Cargo has 48 thousand. wagons, 3 thousand. intermodal platforms, 15 thousand. other wagons of another type, 1.3 thousand. electric locomotives and as many locomotives. It employs 22.6 thousand. people.

 

PAP, jk