October 31, 2017

PKP Cargo acquires remaining stake in AWT

Written by 
  • Print
  • Email
PKP Cargo acquires remaining stake in AWT Quintus Vosman

POLAND’s largest rail freight operator PKP Cargo has reached an agreement with Minezit SE to acquire its remaining 20% stake in Czech rail freight operator Advanced World Cargo (AWT).

PKP Cargo will pay €27m for Minezit’s 15,000 shares, making it the sole shareholder in the Ostrava-based company.

In 2014 PKP Cargo acquired an 80% stake in AWT for €103.2m, with an option to purchase the remaining 20% at a later date.

AWT operates a fleet of around 160 locomotives and more than 5000 wagons.

Get the latest rail news

IRJ Rail Brief newsletter covers global railway news