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Austrian Railways Eyes Acquisitions Across Central and Eastern Europe

Published: July 6, 2015; 18:30 · (Vindobona)

Oesterreichische Bundesbahnen (OeBB), the Austrian state railway operator, is eyeing rail cargo operator buys across Central and Eastern Europe, a source close to the company and a person claiming knowledge of the situation said. OeBB, with EUR 3bn in revenue, believes a number of opportunities will soon come up in countries “east of Austria”, including countries of the former Yugoslavia, the source said.

Austrian Railways Eyes Acquisitions Across Central and Eastern Europe / Picture: © Flickr

OeBB is ready to consider investing in privately held companies, opportunities are more likely to be in acquiring state-owned ones, he said.

The railway company is monitoring opportunities but is not currently in active talks, the source close said.

The timing of any buys depends on when governments might decide to offer state-owned rail cargo companies for sale, he…

This article includes a total of 269 words.

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