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12/6/2018 12:00:00 AM

PKP CARGO Group ramps up its expansion in Europe

Advanced World Transport (AWT), a PKP CARGO Group company, has signed an agreement in Ljubljana today for the acquisition of 80 percent of shares in the Slovenian company Primol-Rail. This way, the Group is increasing its presence on the Southern European markets.

Acquisition of the majority stake in Primol-Rail, which is at the stage of obtaining a license to provide rail transport services in Slovenia, opens up new opportunities for the PKP CARGO Group to increase transport in Europe in the north-south direction. Since the Group is licensed to operate independently in the Czech Republic, Slovakia, Hungary and Austria, in the future it will be able to use only one multi-system locomotive to run trains from Poland to the Slovenia-Italy border and to the Slovenian port of Koper, which is one of the largest ports on the Adriatic Sea.

Up until now, AWT has operated around 10 trains a week to the Slovenian border, where the train was passed on to a sub-contracted local rail operator. The numbers of those trains can be increased, which will boost the transport volumes carried by the PKP CARGO Group between the countries ranging from the Baltic Sea to the Adriatic Sea.

- We are proud that the agreement signed today creates opportunities for the PKP CARGO Group to enter new markets with a more attractive transport offer and increase the volume of transport – said Maciej Walczyk, CEO of AWT.

– We are pleased with the acquisition of shares in the Slovenian partner. It is a response to the PKP CARGO Group’s new strategy, in which we are focusing on acquisitions on foreign markets and on increasing our involvement in transport operations between the countries of the Three Seas Initiative – emphasized Czesław Warsewicz, CEO of PKP CARGO S.A.

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