After floating, PKP Cargo takes Z200m loan from EIB

PKP Cargo, the newly listed cargo arm of Poland’s state railway, has raised Z200m (€48m) from the European Investment Bank.

  • By Olivier Holmey
  • 04 Dec 2013

The loan will finance the upgrade of PKP Cargo’s rail fleet, the EIB said in a statement on Wednesday. The issuer will buy new locomotives and wagons, and modernise ones it already owns.

PKP Cargo completed its Z1.4bn IPO on October 23. Its state-owned parent PKP sold 20.9m shares ...

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