PKP Cargo plans to acquire in the first half of 2015 up to 50 percent of shares in Pol-Miedź Trans, a company wholly owned by KGHM Polska Miedź S.A. Work on the acquisition of PMT by PKP Cargo started in September.
Pol-Miedź Trans controls approximately 2.5 percent of the Polish transport market, has a stable revenue base and is financially sound. The main benefits of this transaction for KGHM Polska Miedź include access to the largest, constantly modernized rolling stock fleet in Poland, and a wide range of logistics services offered by the PKP CARGO Group. It will also allow KGHM to focus on core business investments, while gaining a reliable partner for its rail freight operations.
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