Rail Cargo Austria sells holding in Express Slovakia

Rail Cargo Group streamlines investment portfolio: Optifin Invest acquires RCA’s stake in Express Slovakia forwarding

Rail Cargo Group adjusted the shareholding structure in the forwarding enterprise Express Slovakia „Medzinárodná preprava a.s.“ (Bratislava) together with the two shareholders Express-Interfracht Internationale Spedition GmbH and Optifin s.r.o.. Restructuring the contractual relationship as of 10 January 2014, the sale of the 33%-stake of Rail Cargo Austria AG was transferred to the majority owner Optifin.

Unbundling of equity constitutes a further significant step in the strategy to streamline the investment portfolio of the entire Rail Cargo Group to focus on majority holdings, the company published in a press release.

The mailing informs that the successful cooperation between Express Slovakia and the Rail Cargo Group is to be continued. An agreement to prolong the cooperation for several years was concluded. The content of this partnership agreement are traction services provided by the Rail Cargo Group to Express Slovakia. The current cooperation with the wagon suppliers Tatravagonka Poprad a.s., a 100%-subsidiary of the investment group Optifin, is not affected by this transaction.

The Rail Cargo Group, the subsidiary of ÖBB responsible for rail freight, has 9,000 employees generating turnover of EUR 2.3 billion. The core business is transport and logistics services by rail, covering 16 countries in central and southeastern Europe, with the main markets of Austria and Hungary. Rail Cargo Austria AG is the operating holding company of the Rail Cargo Group.

www.railcargo.at/en/index.jsp

Quelle: LogEastics
Portal: www.logistik-express.com