News

PCC SE has sold PCC Logistics of Poland to Deutsche Bahn Group (DB) effective as of 21 July, 2009. In line with earlier information, the sales contract for Poland‘s largest privately-owned rail freight operators was signed in Warsaw at the end of January. The European Commission approved the acquisition on June 12th. In the meantime, all other conditions precedent to the finalization of the transaction have been satisfied as well.

Waldemar Preussner, founder and sole shareholder of PCC SE, is satisfied with the sale: "Having created Poland’s largest private rail carrier in just eight years, DB now is the ideal partner to continue on this growth track which has been paved by PCC. Teaming up with DB - Europe’s largest rail freight carrier - opens new, interesting opportunities for PCC Logistics’ transport companies and their staff."

Dr. Karl-Friedrich Rausch, Member of the Management Board of DB Mobility Logistics AG responsible for Transportation and Logistics, also commented on the successful acquisition: "PCC Logistics has now become an integral part of our future-oriented logistics activities on Europe’s rails. The company is well-positioned and is tackling the crisis well. Working together, we will now further develop offers and services for our customers in Poland and on the international corridors, while expanding our position as the leading European rail freight carrier."

As a result of the sale of the largest part of its logistics business - PCC Intermodal and PCC Autochem remain under the control of PCC SE - the Group will be able to generate a record profit and a substantial inflow of liquidity. PCC SE thus marks the largest success of its active portfolio management in its history. Inevitably, the character of the PCC Group will change due to this transaction. The core business is now made up of the chemical division, supplemented by the business segments "energy / construction of power plants" and "intermodal transport", which are still in their expansion and development phases.

The largest part of funds from the logistics transaction will be used for investments in the chemical and energy businesses. Chemical production at PCC Rokita will undergo further modernisation and expansion, and possibly additional expansion by acquisitions. In the energy business, the recently launched process in the area of development, construction and operation of power plants - mainly on the basis of renewable resources - will be continued. Finally, PCC will pay special attention to the expansion of PCC Intermodal in Poland, which in line with earlier announcements will be noted on the stock exchange in 2009, if the conditions on the capital markets prove acceptable.