The Management Board of PKP CARGO S.A. (“Company”, “PKP CARGO”) hereby reports that on 30 September 2020 commercial agreements were signed between PKP CARGO a ArcelorMittal Poland S.A. (“AMP”) and ArcelorMittal Warszawa Sp. z o. o. (“AMW”).
The agreements pertain to the provision of freight rail transport services by the Company to the contract parties. The agreements will be in effect from 1 July 2020 to 30 June 2023 (3 years).
The estimated revenues under the AMP Agreement are PLN 750 million net (PLN 922 million gross), while the estimated revenues under the AMW Agreement are PLN 54 million net (PLN 67 million gross).
The provisions of the agreements also obligate the parties to ensure the high quality of services provided by PKP CARGO.
Specific legal basis:
Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse