The European Bank for Reconstruction and Development (EBRD) has sold its shareholding in Poland’s national freight carrier PKP Cargo.
EBRD has disposed of a 5.1 per cent stake which it acquired in 2013 during a partial privatisation of the company.
Sue Barrett, EBRD director, transport, said: “The Bank, as an active minority shareholder, has supported corporate governance improvements and the transformation of PKP Cargo into a more integrated, market-oriented and efficient freight carrier.
“We are very pleased with the results and performance that the management of PKP Cargo has achieved and see this as a sound basis for the company’s future development.”
