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Austrian construction company Strabag has raised capital in regional railway GYSEV by about HUF 89 million, raising its stake in the company to 6.2%.
Strabag acquired a 5.7% stake in GYSEV from a unit of Rail Cargo Austria (RCA) in the summer. RCA parted with the stake as a condition for approval of its acquisition of MÁV Cargo, the freight unit of Hungary's national railway company MÁV.
The State of Hungary owns 65.6% of GYSEV and the state of Austria holds 28.2%. (MTI-ECONEWS)