Slovenian railways, Czech firm EP Holding to set up JV - report Author: Slovenske Zeleznice. Licence: All rights reserved.
LJUBLJANA (Slovenia), December 17 (SeeNews) - Slovenian state-owned railway company Slovenske Zeleznice (SZ) and Prague-based EP Holding signed a deal to set up a 51/49 joint venture company aiming to become a leading player on the freight and logistics market in Southeast Europe, local media reported.
Under the deal, EP Holding will invest 60 million euro ($73.5 million) in the new company, while SZ will transfer to it the assets of its freight transport unit, SZ - Tovorni Promet, state broadcaster RTV Slovenija reported late on Wednesday.
Slovenia Times
17. December, 2020
Ljubljana – Railways operator Slovenske Železnice has signed a strategic logistics and cargo partnership with the Czech EP Holding. Under the agreement signed on Wednesday by CEOs Dušan Mes and Daniel Kretinski, the Czech holding will become the owner of a 49% stake of Slovenske Železnice’s cargo division SŽ-Tovorni Promet.
The railways operator will transfer its cargo division onto a new company, in which EP Holding will own 49%. The new partnership is pending regulatory approval, with all suspensive conditions expected to be met by June next year.
The new company is to receive a capital increase, however no figures have been released. Unofficially, it is to stand at between EUR 60 million and EUR 100 million.