Bloomberg News

Hungary May Buy Back Stake in Rail Cargo Company, Nemzet Says

June 22, 2012

Hungary is seeking to repurchase a stake in the freight-train operator Rail Cargo Hungaria Arufuvarozasi Zrt. from Austria’s state-owned rail company OeBB Holding AG, Magyar Nemzet reported, citing the Development Ministry.

Hungary’s previous administration sold the company. Government officials will hold talks with Christian Kern, OeBB’s chief executive officer today, according to the Budapest-based newspaper.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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