Lund – Malmö quadruple tracking contract
Prime Minister inaugurates Napoli Afragola station
ÖBB starts Pyhrnstrecke station upgrading
Weekly LCL service widens appeal of China-Europe rail route
Siemens to buy planning software company HaCon
Hupac orders eight multisystem locomotives
Montecargo privatisation cancelled
IONX and Ermewa agree telematics partnership
High-value chemicals travel from China to Europe by rail
DB Regio selected for Rhein-Neckar operating contract
National railway holding company Slovenske Železnice and the EP Logistic International subsidiary of Praha-based energy, infrastructure and logistics group EP Holding have signed an investment and shareholder agreement to form a strategic partnership to take over the state railway’s freight activities.
The parties are to create a 51:49 joint venture to which SŽ will contribute a 100% share of rail freight operator SŽ-Tovorni Promet and multi-modal logistics business Fersped, with EP Logistics International contributing an unspecified amount of cash.
‘Both partners have the ambition to jointly turn the joint venture company into a major rail and logistics operator in southeastern Europe, unlocking the full potential of SŽ-TP and Fersped assets’, said EPLI Chairman Tomáš Novotný on December 18.
‘The underlying plan is to service region-wide customers through its own licensed structures operating modern and efficient rail hardware such as multi-system locomotives, and to create a profitable, cost efficient and dividend-paying business.’
In addition to the Slovenian domestic market, the joint will target Croatia, Serbia, Bosnia& Herzegovina, Montenegro, Italy, Austria and Hungary. Plans include increasing the prominence of the Slovenian port of Koper as a local cargo hub.
EPLI said that it was willing to commit additional financing to the joint venture should opportunities for expansion arise.
EP Holding was the only company that submitted a binding offer to form a joint venture, in a process which has been underway since 2017. The national railway holding company is legally obliged to retain at least a 50% plus one share stake in all of its businesses, and so the state will remain the indirect majority owner of the freight operator.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.