PKP Cargo sells out. The company will get rid of shares in two companies

PKP Cargo Connect, a company from the PKP CARGO Group, sells shares at the transhipment terminals Sławków -Medyka – said in the PKP Cargo announcement, which in turn wants to sell shares at Euroterminal Sławków.

PKP Cargo Connect has 50 percent shares in the company's capital Sławków-Medyka transhipment terminals with a nominal value of PLN 21.4 million.

At the same time, the management of PKP Cargo agreed to undertake directional measures to prepare the process of selling all shares in the Euroterminal Sławków subsidiary. PKP Cargo has 9.316 percent shares in this company with a nominal value of PLN 17 million.

The company is currently conducting talks with the Industrial Development Agency on the sale of shares in Euroterminal Sławków.

Both companies to whom the decisions of the sale of shares are related to business, functional and capital are related.

The sale of shares by PKP Cargo requires separate corporate consents by the company's relevant corporate bodies and the PKP Cargo sanation mass manager.

The Management Board of PKP CARGO undertakes actions to optimize the structure of the capital group and its resources in terms of current activities and business challenges, primarily its simplification, which will allow effective support for complex transport projects.

The sale of shares will allow you to create an appropriate framework for the development of these entities in connection with the current PKP Cargo situation, which is in the sanation process. (PAP Biznes)

pr/ ry//