Warsaw (Puls Biznesu) – CTL Logistics will tell in the middle of November how it is going to raise funds. The company considers an IPO, a bond issue, a financial investor or a mixture of the above ways.
Krzysztof Sedzikowski who has been managing Poland’s biggest private railway transport company since August, is about to end the new financial strategy of CTL Logisticts. The document should be ready within a month.
“We can continue the growth with our own funds. We have had signals from our clients, however, that we should develop even faster and invite additional shareholders. There are three ways to do this: an IPO, a bond issue (these could be ordinary bonds or bonds exchangeable to shares) or a financial investor like an investment fund”, Krzysztof Sedzikowski said.
CTL Logistics managing director admitted that an IPO seems the most interesting of these ideas. The listing would be possible in 12 months at the earliest. CTL would be the first railway transport company to be listed on the Warsaw Stock Exchange.
“We are negotiating with potential investors. A combination of several ideas is possible as well, i.e. finding a shareholder and then a listing”, Krzysztof Sedzikowski explained.
The company wants to focus on railway transport, especially transnational services.
“For the time being, we are interested solely in cargo transport. We have no plans to enter the passenger market but it’s not excluded in the future”, he added.
The company plans further investment. It has 5,500 carriages and 180 locomotives (90 percent are its owned ones). So far, it used to buy 1,500 carriages every year. It should be similar next year.
“In 2007 we can increase transport services by about 80 percent. We plan to buy new locomotives. We may order them at Siemens and Bombardier”, Krzysztof Sedzikowski said.