PKP PLK S.A. acquires 250 million shares in Trakcja S.A.
On Friday, 8 July 2022, at the headquarters of PKP Polskie Linii Kolejowe S.A., Mr. Jakub Lechowicz, President of the Management Board, CEO, and Piotr Mechecki, Vice President of the Management Board, CTO, representing Trakcja S.A., signed a share subscription agreement with PKP PLK S.A. on behalf of the Issuer. The agreement is a consequence of the Resolution adopted on June 23 this year by the Extraordinary General Meeting of Trakcja S.A., in which the shareholders decided to increase the Company's capital by PLN 200 million, as a result of issuing 250 million new series E shares.
"The milestone of the mission, which was entrusted to the new management in March of this year by the Supervisory Board, was achieved today. Today, we complete the negotiation process we have been preparing for several months with the Investor, shareholders, financing institutions and other stakeholders. It was a process that involved contributions from a wide range of individuals whose efforts cannot be overestimated. Trakcja becomes a Polish company again and joins the PKP PLK S.A. capital group, regaining full operability and ending a period marked by financial issues and problematic contracts," commented the CEO of Trakcja – Jakub Lechowicz – regarding the conclusion of the agreement.
Trakcja S.A. is one of the leading construction companies in Poland. The main area of its activity includes comprehensive performance of works related to the widely understood railway and road infrastructure, using modern machinery. The Trakcja Group includes highly specialised companies, including. AB Kauno Tiltai – the largest contractor for infrastructure construction projects in the Baltic countries, or TorProjekt Sp. z o.o. – a design office, engaged in preparing comprehensive design documentation of lines, junctions, railroad stations, as well as overhead networks. The Group also operates a modern technical facility in Bieńkowice, near Wrocław, capable of servicing and repairing multiple types of railway vehicles.
