September 02, 2014 8:26 PM ET

Road and Rail

Company Overview of Pkp Intercity Sp.Z.O.O.

Company Overview

Pkp Intercity Sp.Z.O.O. operates trains between the cities in Poland and internationally. It offers various services, such as SMS information, bicycle transportation, transportation of a dog, conductor shipments, train for rent, and mobile advertising. The company was founded in 2001 and is based in Warsaw, Poland. Pkp Intercity Sp.Z.O.O. operates as a subsidiary of Polskie Koleje Panstwowe S A.

Grojecka st.17

Warsaw,  02-021

Poland

Founded in 2001

Phone:

48 22 474 5500

Fax:

48 22 474 4351

Key Executives for Pkp Intercity Sp.Z.O.O.

Pkp Intercity Sp.Z.O.O. does not have any Key Executives recorded.

Pkp Intercity Sp.Z.O.O. Key Developments

Pkp Intercity May Acquire Tabor Szynowy

Pkp Intercity Sp.Z.O.O. is considering to acquire Tabor Szynowy, with the initial talks already completed.

PKP Mulls Privatization Of Its Subsidiaries

PKP Cargo Spólka Akcyjna (WSE:PKP) is seeking to gain over PLN 2.6 billion from sale of its subsidiaries. The second attempt to privatize Telekomunikacja Kolejowa Spólka z o.o. is planned for 2014. According to Jakub Karnowski, Chief Executive Officer of PKP, the firm will rather not be floated on the WSE and it will probably be sold to a strategic investor. A part of its assets will be transferred to PKP PLK infrastructure operator. Also, PKP Energetyka Sp. z o.o. is expected to be sold in second half of year 2014 for PLN 800 million and PKP Informatyka spolka z.o.o. for PLN 20 million. However, privatization of PKP InterCity Sp.Z.O.O. will not start before year 2016, due to its weak financial condition. PKP Cargo Spólka Akcyjna is selling PKP Energetyka to a strategic investor through the stock exchange.

Pkp Intercity Sp.Z.O.O. Provides Earnings Outlook for the Year 2013 and 2014

Pkp Intercity Sp.Z.O.O. provided earnings outlook for the year 2013 and 2014. For the year 2013, the company expects net loss to reach PLN 140 million. For the year 2014, the company expects to reach small profits.

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