8/22/2006

Railway in Poland: CTL Logistics steams ahead toward bourse debut

Krzysztof Sędzikowski, who has become the president of independent railway company CTL Logistics, might float the company on the bourse.
The company is developing very rapidly. We will be looking for the best possible opportunities to finance this growth. One of the options for collecting funds is the bourse. This could take place within one to three years," said Sędzikowski. He went on to say that the firm will still focus on railway transport and related logistics services. Management of the company declared earlier in the year that the company should boost its turnover by 50% at the end of 2006, and in 2007 gain a 30% share in the international market. According to analysts, floating the company on the bourse is good idea, especially considering planned investments in rolling stock. However, the rapid acceleration of CTL Logistics could mean trouble for PKP Cargo.
Source:railway-market.pl



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