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The Warsaw Voice » Business » March 9, 2018
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Pesa: the troubled stock producer still seeks a way out
March 9, 2018   
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Troubled rolling stock producer Pesa might eventually merge with its peer FPS Cegielski following its rescue by Polish Development Fund PFR, unspecified sources tell the daily Dziennik Gazeta Prawna. A merger may indeed take place, but no sooner than in two years, a manager connected with either PFR or Industrial Development Agency ARP (Cegielski's owner) tells the daily. Pesa has to regain financial liquidity and stability first, he adds. The Polish government will push for Cegielski-Pesa merger with a view to creating a competitor for global rolling stock producers, industry experts say. Listed rival Newag could also join in, one says. A new rolling stock giant would also be able to meet the demand for new trains and wagons as Poland's major carriers are getting ready for major purchases in a couple of years.
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