PKP wants out of rolling stock
Konsorcjum Taborowe, the company that organises the leasing of rolling stock for the PKP is planning a share issue designed to raise PLN30m. The PKP however is not showing any interest in the deal, on the contrary it wants to sell its 90 percent stake of the company to a foreign investor. Interested parties already include Alstom and Deutsche Bahn Cargo. Stanisław Michalak, deputy MD of Alstom Polska, said that he would be interested in taking a stake in KT but only if the PKP is likely to order new equipment such as rail buses or high speed trains. However he should not place too much hope in this, the PKP had debts of PLN7.1bn at the end of last year. Konsorcjum Taborowego is also not in the best financial shape. Currently it is unable to cope with the purchase of 4,500 wagons from a domestic producer which also happens to be one of its shareholders. This contract would be the largest of very few orders the PKP has made in recent years.