DB expands Polish rail network
Deutsche Bahn said Thursday it has increased its stake in Polish private rail operator PTK Holding.
DB already had a stake in the Polish company as a result of DB's acquisition in July of Polish intermodal company PCC Logistics, which was a shareholder of PTK. DB now owns 95 percent of PTK (the company didn't specify what its previous shareholder percentage was).
PCC operates inland terminals near the ports of Gda'sk, Gdynia, Hamburg, Bremerhaven and Rotterdam. PTK specializes in rail services for coal shipments.
“With the acquisition of a majority stake in PTK Holding, we will now be able to further strategically expand and effectively structure our network in Poland, and improve the range of services we provide for our customers,” said Christoph Wolff, head of eastern region at DB Schenker Rail. “In the next few months we will be merging our affiliated companies in Poland to create a single market presence.'