MÁV cargo might be worth Ft 100 bln
Numerous investors were interested and 14 contenders took part in the Slovakian tender and the Hungarian cargo business is in better financial shape compared to the Slovakian one. This shows that the privatization of the Hungarian cargo company is likely to attract strong attention. MÁV Cargo also has a significant market share on the cargo market and few competitors can beat it on the railway business as well. While in western-Europe rail cargo only has a 11-12% share in the cargo business, in Hungary this market share is 20%. The Hungarian company forecasts Ft 80 billion revenue and also some profit by the end of this year. (portfolio.hu)
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