Polish State Railways (PKP) is to use the sale of its power subsidiary, PKP Energy, to fund the procurement of new intercity trains.
The privitisation of PKP Energy is expected to generate around PLN 410 million (€99 million) for the publicly-owned company, a large chunk of which will be used to purchase 10 new DART EMUs from Pesa.
Some of the money will also be spent on upgrading stations, PKP has said.
Subject to final approval, private equity firm CVC Capital Partners has agreed to acquire 100 per cent of PKP Energy. Over the coming years, the sale will generate hundreds of new jobs across the group, PKP has said.
