Big merger of private railway companies

opublikowano: 2007-08-24 11:32

There is a new leader among private railway companies. PCC Rail has surprised everyone.

The sale of PTKiGK from Rybnik and PTKH in Zabrze has been concluded. The buyer is none of over 10 companies who submitted their offers. It is PCC Rail owned by German PCC SE, the owner of logistic and transport holding. Instead of negotiating with both companies, PCC Rail reached agreement with the owner of Rybnik company which indirectly has 90 percent in Zabrze as well.

Two weeks ago, PCC SE said that it had a 10 percent stake and is negotiating to acquire another 10 percent stake of PTKiGK. According to “PB” data, the transaction was ended yesterday and PCC SE has a controlling stake of the railway company from Rybnik. PCC wants to have 100 percent. After it gets the approval from competition authorities UOKiK, it will further negotiate with the company’s shareholders.

If this comes true, there will be a new leader on the railway market in Poland. After the merger with PTKiGK, PCC will be the biggest private company offering railway transport. Today, it is the second largest after CTL Logistics. According to TOR, in 2006, PTKiGK had 1.52 percent of the market, Zabrze had 2.19 percent while PCC estimates its share at 3.2 percent. It will have 7 percent after the merger against 5.6 percent controlled by CTL.