Bloomberg News

U.S. Trainmaker NREC to Invest in Croatia Gredelj, Jutarnji Says

October 19, 2012

National Railway Equipment Co., a closely-owned U.S. locomotive maker, will acquire an engine- making facility in its Croatian peer TZV Gredelj d.o.o., Jutarnji List reported, citing Marin Pipunic, NREC’s representative in Europe.

The Zagreb-based company is in bankruptcy procedures, according to Jutarnji.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

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


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