P.P.A. S.A. Board of Directors, following the proposal of the BoD President and Managing Director Mr George Anomeritis, unanimously decided the establishment of a Subsidiary Societe Anonyme, under the title "Intermodal Transport and Logistics Company S.A." (LOGISTICS P.P.A.SA)
The project, having the approval of the Government, gives new development opportunities to PPA, who thus enters in new services provision fields that are fully consistent with its statutory and business objectives.
The creation of the Logistics Center at the Thriasio Pedion that will concentrate the vast cargo volumes of the Attica region and the operation of the new rail connection the following year (March 2011), connecting the Commercial port at Ikonion with the Logistics Center are the two new facts that led to the establishment of the above subsidiary Company. P.P.A. SA, that dominates cargo handling for over 80 years enters new business areas, such as intermodal transportation, cargo forwarding and the relevant supplementary activities of the cargo it handles.
It is the first strategic expansion move of PPA SA in the field of cargo transportation, that, combined with its development plan of €1 billion that was recently approved from the Inter-ministerial Committee, creates new opportunities and advantages.
The proposal of Mr. George Anomeritis to the BoD is available at the Company's website.