PKP Cargo, undergoing restructuring proceedings, concluded a 100% sale agreement. shares in Cargotor to PKP Polskie Linie Kolejowe.
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The value of the transaction is PLN 28.8 million – the company announced in a stock exchange report on Friday.
According to the report, the sale is a consequence of the investment agreement concluded on December 31, 2025. PKP Cargo sells a total of 20,181 Cargotor shares, constituting the entire share capital of the company. The transaction was finalized after obtaining the consent of the judge-commissioner, the required corporate approvals and the decision of the president of the Office of Competition and Consumer Protection, who consented to PKP PLK taking over control of Cargotor.
The sales price was determined on the basis of PKP PLK's offer and independent valuations prepared by both parties. As emphasized in the announcement, the transaction was included in the PKP Cargo Restructuring Plan from the beginning and is intended to simplify the group's structure and improve its financial situation.
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Cargotor will not be owned by PKP Cargo. What does the company do?
Cargotor was established in 2013 and deals with the management of railway infrastructure – primarily track systems and railway sidings – and their commercial provision. The transfer of the company to PKP PLK means concentration of railway infrastructure management in one entity.
PKP Cargo is a company listed on the Warsaw Stock Exchange. PKP SA remains the largest shareholder, with 33.01 percent. shares. Funds managed by Nationale-Nederlanden PTE SA control 12.08 percent, and other shareholders in total 54.91 percent. capital.
In July 2024, the court opened restructuring proceedings against PKP Cargo. In the same month, the management board decided to carry out group layoffs, as a result of which employment decreased by 3,665 employees. At the beginning of June 2025, the company announced plans for further job cuts – to 1,041 people in 2025 and to 1,388 in 2026.
Gradual improvement of the situation at PKP Cargo
Despite the difficult situation, PKP Cargo improved its financial results. In the third quarter of 2025, the company generated PLN 7.5 million of net profit and PLN 36.1 million of operating profit. During the nine months of 2025, capital expenditure amounted to PLN 304.2 million, which means a decrease of 42.9%. year to year. These funds were mainly allocated to rolling stock, modernization of fixed assets and periodic repairs and inspections.
The dispute with the State Treasury remains an additional burden for the company. On December 23, 2025, PKP Cargo filed a lawsuit for payment of PLN 1.522 billion in compensation in connection with the implementation of the so-called coal decision of July 2022. The company argues that the implementation of the government order to transport imported coal forced it to resign from profitable commercial contracts and caused significant financial losses.
The sale of Cargotor is to be one of the steps to stabilize the financial situation of PKP Cargo, although – as market representatives emphasize – the transaction itself will not solve all the problems of the largest rail freight carrier in the country.
