Hungary's rail freight privatisation likely to go to Austria
Thomson Financial: 05/30/07
BUDAPEST - Mav Cargo, the rail freight unit of Hungarian state railways MAV, is expected to fetch 70-80 billion forints during privatisation, according to a report in Hungarian financial daily Magyar Tokepiac.
However, the paper adds that some analysts think the price may be lower than this as the company does not have its own locomotives.
Potential buyers include MAV's counterparts in Germany, Holland, Austria, France, Russia and Ukraine, the report said.
Rail Cargo Austria, a company with 30 percent of the European rail freight market, could be a potential buyer, it added.
MAV issued a two-round public tender for MAV Cargo yesterday. Indicative offers are due by June 23 and final offers are requested by October 19.