PKP Cargo, PKN Orlen and Euronaft Trzebinia agreed on the sale of railway assets held by ORLEN Group. The transaction, worth over PLN 250 million (almost EUR 59 million), concerns the shares of Orlen KolTrans and an organised part of the Euronaft Trzebinia enterprise. Also, long-term agreements on logistics services rendered by PKP Cargo to Orlen Group will be made. The transaction is conditional i.a. on the consent of the President of the Office of Competition and Consumer Protection.
The process of selling the railway assets of PKP Orlen was of competitive character and was addressed to a wide range of investors. The transaction is conditional on the consent of the President of the Office of Competition and Consumer Protection. Next to the assets purchase agreements, the transaction will also involve concluding multi-annual agreements on transporting products of the Orlen Group and on handling sidelines owned by the Concern. The partners also agreed on the scope of warranties for the employees of Orlen KolTrans and of the railway division of Euronaft Trzebinia.
Orlen KolTrans and Euronaft Trzebinia are active on the fuel and chemicals transport market. They carry over 40% of products manufactured by PKN Orlen, mainly to fuel terminals and chemical plants. ORLEN KolTrans and Euronaft hold a stable share of approx. 2.5% on the Polish market, in terms of carriage performance.
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