Waberer's Closes Majority Stake on Petrolsped

Transport

Waberer's International closed the acquisition of a 51% stake in railway logistics company Petrolsped, the listed hauler said in a release on the website of the Budapest Stock Exchange on Friday.

Waberer's had signed an agreement on the acquisition in November.

Chairman-CEO Zsolt Barna said that Waberer's saw "significant growth potential" in the rail transport segment because of new industrial and automotive investments in Hungary and because existing customers were increasingly turning to low-carbon logistics services.

Petrolsped had a net revenue of HUF 21.1 billion in 2022, according to public records.

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