The Management Board of the OT Logistics Capital Group has signed a letter of intent with Jarpid Investment Sp. z o.o. to acquire 100% of shares in STK Group Sp. z o.o., one of the leading railway carriers on the Polish freight transport market.
The STK Group consists of two companies: STK S.A. and Kolej Bałtycka S.A., which are engaged in railway transport and siding operations. The companies specialize in the transport of oversized cargo, fuels, and chemical materials. They also offer transport for all types of bulk cargo and containers. Both companies are licensed railway carriers holding the necessary safety certificates. The main clients of the STK Group are the largest companies in the fuel, energy, and heating sectors in Poland. The STK Group ranks fifth among private railway carriers in Poland in terms of transport performance. The annual turnover generated by the STK Group is approximately PLN 80 million.
– The planned acquisition is part of our new strategy, an important element of which is development in the railway transport segment. The STK Group is an attractive asset that can strengthen our offer and contribute to increasing our share in the domestic rail transport market – says Zbigniew Nowik, President of the Management Board of OT Logistics.
OT Logistics and the STK Group intend to enter into a preliminary agreement specifying the conditions for the transaction to be finalized. The parties assume the possibility of partially settling the transaction through the seller’s contribution in the buyer’s shares. At the next General Meeting of the OT Logistics Capital Group, a motion is to be submitted to vote on a resolution to increase the share capital, which will allow the Company to pay approximately 80% of the price for the shares in the STK Group. As a result, the share capital of OT Logistics may be increased by an amount with a nominal value not exceeding PLN 198,000.