OREANDA-NEWS. January 21, 2011. During the General Shareholder's meeting of Trakcja Polska SA adopted the necessary resolutions for the completion of the transaction which includes the merger of activities of Trakcja Polska - which is the leading rail infrastructure construction entity in Poland and Tiltra Group AB and AB Kauno tiltai (jointly the "Tiltra Group"), regional transport infrastructure construction group which home markets are Poland and Lithuania. The transaction was initially announced in November 2010.

Adoption of the resolutions related to the conditional capital increase and issuance of subscription warrants with the exception of pre-emptive rights of the current shareholders and the change of  the statute of Trakcja Polska is one of the conditions necessary for the completion of the transaction envisaged by the agreement between Trakcja Polska, Tiltra Group AB, AB Kauno tiltai and shareholders of these companies.
As a result of the adopted resolution on a conditional capital increase agreement the shareholder structure of Trakcja Tiltra will be as follows:

Comsa Emte with c. 35 % of shares, what means maintaining its position as the strategic partner;
- Current Tiltra Group shareholders with c. 31% of shares;
- Other shareholders currently being shareholders of Trakcja Polska with remaining c. 34 %.
- We are happy with the result of Trakcja Polska shareholders voting. This is a crucial step towards successful completion of the transaction. I stay optimistic in terms of remaining approvals and hope, that still in this quarter we will be able to confirm that "Trakcja Tiltra", a  new important player in the transport infrastructure segment has been created - said Romas Matiukas, the Development Director of Tiltra Group.

- Thanks to the shareholders' approval regarding the merger of activities of both companies we are closer to create one of the leading players in roads and railway segment in Poland. Thanks to the transaction we will be able to use more effectively the technical and commercial support of Comsa Emte as well as its support in the business development and expansion to new CEE markets. What will also create a value for shareholder in a more efficient way - states Mr. Maciej Radziwiіі.

The transaction will be completed once conditions precedent specified in the agreement are fulfilled, including the transaction approval by the President of the Office of Competition and Consumer Protection.

Trigon and Trigon Brokerage House play the role of exclusive financial adviser to Trakcja Polska.