Polish railways PKP sells 17.03pct stake in PKP Cargo freight carrier
June 20, 2014
Poland's railway operator PKP sold 7,6 million shares or a 17.03% stake in rail freight carrier PKP Cargo in the process of accelerated book-building at PLN 76.5 per share, PKP said in a press statement.
Before the deal PKP held 22.4 million PKP Cargo shares, which translated to 50.04% of voting rights at the GM, according to the information available on the firm's website.
PKP's lock-up on PKP Cargo shares expired on April 28.