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24.08.2011 11:05
Russian Railways May Buy Controlling Stake in Slovak Rail Cargo Firm
PKP Cargo is also of interest to the Czechs who want to merge Czech rail company CD Cargo with PKP Cargo in the most ambitious central European railway deal ever, RIA Novosti reported
AUTHOR: publics.bg


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State monopoly Russian Railways is considering buying a controlling stake in Zeleznica Spolecnost Cargo Slovakia from its parent company Slovak Republic Railways, Russian Railways Vice President Salman Babayev told journalists on Tuesday.
 
Babayev reiterated that Russian Railways had bid for Poland's rail cargo unit PKP Cargo, Europe's No. 2 rail freight carrier. PKP Cargo is also of interest to the Czechs who want to merge Czech rail company CD Cargo with PKP Cargo in the most ambitious central European railway deal ever, RIA Novosti reported.
 
Babayev also said that Russian Railways would cover its 2011 investment program deficit by borrowing, if an auction to sell its 75 percent minus two shares in Freight One is postponed from September due to changes in Russian Railway's board of directors.

TAGS: Russian Railways | controlling stake | Zeleznica Spolecnost Cargo Slovakia | railway deal | PKP Cargo 


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