PKP CARGO S.A. Pkp Cargo S.A. signed a letter of intent with state agency ARP and rolling stock firm PTS on selling assets of the Gniewczyna rolling stock plant, PKP Cargo said in a market filing. The LoI assumes ARP will finance purchase of the plant by PTS from PKP Cargo. PKP Cargo, on its part, vows to seek services of ARP group in terms of maintenance of its rolling stock and purchase new rolling stock from the group.
PKP Cargo bought assets of the defunct Gniewczyna rolling stock plant in October 2021 with a stated goal of launching production there at the turn of 2022 and 2023.
