Trakcja-Tiltra Plans to Sell Wind Unit to Cut Debt, Parkiet Says

Trakcja-Tiltra SA, Poland’s biggest railroad-construction company, plans to sell its 41 percent stake in wind-power unit Eco-Wind Construction along with some real-estate holdings in order to reduce debt, Chief Executive Officer Maciej Radziwill was quoted today as saying by Parkiet.

The sale of Eco-Wind and the property holdings may raise about 100 million zloty ($30.6 million) that may be used to “significantly” reduce Trakcja-Tiltra’s long-term debt of about 300 million zloty, Radziwill said, according to the newspaper.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE