EC approves Slovenian-Czech rail freight JV

EU

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The European Commission said on Wednesday it has approved the acquisition of joint control over a newly created joint venture by Slovenian state-owned railway company Slovenske Železnice (SŽ) and Czech company EP Logistics International (EPLI), according to a report by Slovenia Times.

The Slovenian rail operator and EPLI, which offers rail freight transport services in several EU countries, plan to create a new joint venture (JV) which will be composed of SŽ, Tovorni promet (TP) and Fersped, which both currently belong to SŽ.

EPLI is owned by Energetický a průmyslový Holding (EP Holding), a Czech vertically integrated energy utility company offering rail freight transport services in Czechia, Germany, Poland, Hungary and Slovakia, and freight forwarding services in Austria, the Czech Republic, Germany, Poland and Slovakia.

Public broadcaster RTV Slovenija reported in December that Slovenske Železnice and Prague-based EP Holding signed a deal to set up a 51/49 joint venture company, aiming t o become a leading player on the freight and logistics market in Southeast Europe. Under the deal, EP Holding will invest EUR 60 million in the new company, while SŽ will transfer to it the assets. 

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