OREANDA-NEWS. April 04, 2011. Trakcja Polska SA, the leading rail infrastructure construction group in Poland, Tiltra Group AB and Kauno Tiltai AB (jointly the Tiltra Group), regional transport infrastructure construction group which home markets are Poland and Lithuania and Comsa Emte - majority shareholder of Trakcja Polska SA and shareholders of Tiltra Group have jointly decided to end the merger discussions.

All parties saw the merger as the outstanding opportunity create one of the leading players in roads and railway segment in Poland. However, a number of issues, not depending on the transaction parties did not allow us to bring deal to the completion at the time set in the contract.

Despite the significant efforts and overall progress achieved in the merger process, we have to conclude that the transaction can not be brought to the completion. We leave this process with the regret and wish all the success to each other in the future.