Polish state rail's plan to become holding company approved: CEO

Mamiński said a holding company structure would not limit the independence of PKP Group companies but would give them a shared management strategy and encourage partnership between them, as well as lead to savings.

"We can jointly manage personnel, finances ... training [of staff], make purchases," Mamiński said.

"The holding company structure is to be implemented by the beginning of 2019 at the latest," he added.

While Poland does not have the same kind of laws as some other countries that directly regulate holding companies, setting one up is possible, Mamiński has previously said. He listed energy company Tauron, gas giant PGNiG, refinery PKN Orlen and copper producer KGHM, all state-run businesses, as examples of organisations that he said were structured like typical holding companies. (vb/gs)

Source: PAP