Project of sales contract of PKS initialed

The Ministry of Treasury (MSP) and GC Investment have initialed a project of sales agreement of „Przedsiębiorstwo Komunikacji Samochodowej w Katowicach S.A.” (PKS, Motor Transport Company). The agreement concerns a purchase of 85% of shares of PKS wholly owned by the State Treasury.

The selling of shares to the private investor is part of privatization process of the state-owned company. According to the privatization offer, the 85% of company’s share capital constitutes 161 500 shares of a nominal value of PLN 10 each. The core business activity of PKS is public road passenger transport. The company’s seat is registered at 1 Rzepakowa Street in Katowice. GC Investment is already an owner of land located in the area.

GC Investment S.A. operates on the commercial real estate market since 1993 and is based in Katowice. The company specializes in acquisition of properties, comprehensive preparation and implementation of investment projects. Since March 2011, GC Investment is listed on the New Connect market – an alternative trading system operated by the Warsaw Stock Exchange.