Acquires remaining 44.44 percent stake
Poland’s PKP Cargo has acquired the remaining 44.44 percent stake in PS Trade Trans. The acquisition will enable PKP Cargo to continue its expansion in the international market.
“The acquisition of PS Trade Trans is a step which brings us closer to our goal of PKP Cargo’s international expansion. We aim to unveil the strategy for PS Trade Trans and the new offer of our company’s logistics services as soon as in the second quarter of the year,” said, Adam Purwin, CEO, PKP Cargo.
PS Trade Trans provides comprehensive transport, handling, storage and customs services. Purwin added, “Full integration of the Poland’s largest rail freight carrier with one of the largest forwarding companies in the sector will allow further development of PKP CARGO, while the experience gained by PS Trade Trans on international markets will allow us to expand our contact network.”
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