Sponsored Content
ÖBB with Capital Injection for Its Italian Freight Business
Sponsored Content
The Austrian Federal Railways’ subsidiary Linea needs additional funding in order to cover its last year’s losses of € 5.8m.

In an extraordinary meeting the supervisory board of ÖBB’s cargo division RCA opted for a capital injection in its subsidiary Linea. The Italian company’s 120 employees achieved revenue of € 17m in the last year. Losses amounted to € 5.8m. The injection will be used to restore share capital. According to CEO Christian Kern, the negative earnings figures result from one-off…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
ÖBB: Opposition to Privatization Plans (June 6, 2011)
ÖBB: No Sale of Loss-Making Rail Cargo Hungaria (May 27, 2011)
Surprisingly Good First Quarter Results for ÖBB (May 23, 2011)
Massive Losses for Federal Railroad (April 29, 2011)
Kern Leads an Image Campaign for ÖBB (April 25, 2011)
ÖBB Promote Construction of the Brenner Tunnel (April 13, 2011)
Sponsored Content
Read More
Featured
Sponsored Content