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OBB chief dismisses reports railway could sell Hungarian freight company

OBB Holding CEO Christian Kern on Thursday dismissed as speculation reports Austrian railways OBB is thinking about changing the ownership structure of its unit Rail Cargo Hungária.

Talks on Rail Cargo Hungária are ongoing at different levels, but these are mostly about cooperation, Kern said. The sale of a stake in the company has never come up, he added.

Rail Cargo Hungária controls 80% of Hungary's rail freight market and the company is trying to protect its stability, grow and become profitable, he said.