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The Swiss Competition Commission (WEKO) has approved the acquisition of 35% shares in SBB Cargo by Swiss Combi AG. The deal was announced in September 2019.
Swiss rail freight market experiences a unique change in its history. Swiss Combi AG is taking over 35% shares in the leading rail freight operator in the country – SBB Cargo AG. All of that with the intention to strengthen its wagonload, as well as combined transport traffic. At the same time, SBB Cargo International (SBBCI) will be detached from SBB Cargo AG and placed fully directly under the mother company SBB AG, which still retains 65% ownership in SBB Cargo AG.
SBB Cargo, focusing on block trains, wagonload traffic, and combined traffic accounted for a quarter of the overall domestic market and is number 1 on the market. SBBCI, on the other hand, focuses on cross-Alpine traffic, holding approximately 38% of the market share here.
Swiss Combi AG is a joint venture of several logistics services providers, ownership of which is split as follows:
With 293 mainline, 84 shunting locomotives and over 5,000 freight cars, the Olten headquartered SBB Cargo employs around 2,200 employees and reached a turnover of CHF712 million in 2019.
This article first appeared on railcolornews.com
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