PKP Cargo plans to take over its Czech competitor
AWT Group is one of the biggest railroad transportation company in Czech Republic, with 8 percent of the market. It also operates in Slovakia, Slovenia, Hungary, Poland, Germany, Romania, Bulgaria and Croatia.
PKP Cargo, the largest Polish railroad transportation company, signed an initial agreement regarding a possible take over of a Czech company Advanced World Transport B.V., Polish news portal TVN 24 reported.
“PKP Cargo is in a very good financial situation,” President of PKP Cargo, Adam Purwin, told TVN 24. “We have a surplus of couple hundred million Polish zlotys. Financing of this transaction will be costly based on PKP Cargo’s financial liquidity,” he added.
AWT Group is one of the biggest railroad transportation company in Czech Republic, with 8 percent of the market. It also operates in Slovakia, Slovenia, Hungary, Poland, Germany, Romania, Bulgaria and Croatia.
In 2013 AWT transported 12 mln tonnes of goods and reported EUR 282 mln of income from sales.
AT owns 160 engines and more than 5,000 carts. It also owns an intermodal terminal Ostrava-Paskov and operates almost 60 side-tracks.
Photo courtesy of PaPaKo.
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