Sale at Rail Cargo Austria?

TransportRail ♦ Published: October 15, 2011; 19:05 ♦ (Vindobona)

The freight traffic division of the Austrian Federal Railways (ÖBB) still suffers from its Hungarian subsidiary RCH. A sale to Hungary seems to be possible.

Sale at Rail Cargo Austria? / Picture: © Rail Cargo Hungaria

The Rail Cargo Austria (RCA) still faces a serious situation. Acquisitions from the past are an enormous burden for ÖBB´s freight division. In 2008, the former MAV-Cargo has been purchases from the Hungarian Railways. The purchase price has been criticized often and massively: since 2008, investments of about € 700m were made. After the expensive deal, several write-offs had to be…