Sponsored Content
Turnaround of RCA Is „Very Close“
People ♦
Published: September 19, 2011; 13:59 ♦ (Vindobona)

Sponsored Content
The restructuring process of the Rail Cargo Hungaria, a subsidiary of the Austrian Federal Railways (ÖBB) is going on. The rail cargo segment reports better results than expected.

“Our connections to the Hungarian trade union and the public authorities developed well. Soon we will be able to deepen our collaboration.”, CEO of ÖBB, Christian Kern, announces.
Rail Cargo Hungaria (RCH) still suffers from losses. In 2008, ÖBB purchased the former MAV Cargo for € 420m. Now, RCH´s value is about € 120m. However, Kern believes that the turnaround may…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
ÖBB: “Cargo Business on the Right Track“ (August 26, 2011)
Hungary Considering Buyback of ÖBB’s Rail Cargo Hungaria (June 14, 2011)
ÖBB: No Sale of Loss-Making Rail Cargo Hungaria (May 27, 2011)
ÖBB: Cargo Division as Loss-Maker (March 7, 2011)
Difficulties in ÖBB Restructuring (February 14, 2011)
Sponsored Content
Read More