"According to our original plans, CER Cargo Holding would have listed on the bourse this year already, but we had to postpone because of the pandemic. At present, internal preparations are underway, such as finalizing strategy and the business plan as well as improving internal processes. These are indispensable for a successful issue of shares," Horváth told the paper.
"We aim to list on the bourse in the second half of next year. We think that by then the effects of the economic pickup will be felt on the railway freight market, too," he added.
He said the ownership structure of a joint venture CER Cargo Holding plans to set up with Russian and Chinese partners could be "finalized" by the end of October.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
