ADVERTISEMENT

Dozen offers received for MÁV Cargo

Deals

According to MÁV Zrt, a total of 12 non-binding offers were received until yesterday’s deadline for the public tender for the entire portfolio of railway cargo transport spin-off MÁV Cargo Zrt.

Deutche Bahn AG, Germany's state- owned railway, is among the 12 interested parties, but Czech, Austrian, Romanian and Slovakian applicants have also made offers in this first round of the procedure. A total of 5 applicants will be selected for the second round. The main selection criteria in this first round is the offer price, followed by the opportunity to increase operative efficiency at MÁV Cargo.

The five contestants to continue in the race will be announced by mid-August, and will have to submit binding offers until the end of the second round, October 19. MÁV Cargo worth was estimated at Ft 70-80 billion, it currently employs 3200 people and realized Ft 93 billion turnover in 2006, with profits of Ft 2.8 billion.

Other bidders include Rail World Inc., a US railway investment company, investors such as Ashmore Group Plc, Babcock & Brown Ltd. and Lehman Brothers Holdings Inc., the state train operator, Magyar Államvasutak Zrt, said on its Web site today. (NG 4, GR, Ham)

Gov't to Present EU-wide Support Scheme for EV Purchases in ... Analysis

Gov't to Present EU-wide Support Scheme for EV Purchases in ...

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Óbuda Uni Planning Technology and Innovation Park Innovation

Óbuda Uni Planning Technology and Innovation Park

White Raven Skybar, Laurent-Perrier Champagnes Enter Special... Drinks

White Raven Skybar, Laurent-Perrier Champagnes Enter Special...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.