Article Tools

ÖBB: No Sale of Loss-Making Rail Cargo Hungaria

Published: May 27, 2011; 13:19 · (Vindobona)

The Austrian Federal Railways want to become market leader in rail cargo in Central and Southeastern Europe. € 30m will be invested in Hungary.

ÖBB: No Sale of Loss-Making Rail Cargo Hungaria / Picture: © OEBB

The ÖBB are not planning to sell their loss-making freight traffic subsidiary Rail Cargo Hungaria (RCH, previously MAV Cargo), clarified CEO Christian Kern on Thursday in Budapest. Rumors that the Hungarian State could acquire a stake in RCH again would be “pure speculation”, as there would only be talks about cooperation. The company intends to invest € 30m in Hungary in 2011,…

This article includes a total of 296 words.

or Log In