Court puts administrator in charge of PKP Cargo

Freight services continue unchanged under the administrator, PKP Cargo says. The creditors’ council must give its opinion by 15 October. Photo: PKP Cargo.

POLAND: A Warsaw court has withdrawn PKP Cargo’s permission to manage its own business during restructuring and handed day-to-day management to the restructuring administrator. The board says two of its largest creditors, the European Investment Bank (EIB) and infrastructure manager PKP PLK, rejected its recovery plan.