The Slovakian Antimonopoly Office approved the last documents necessary for completing the sale of wagons by state-run railway freight carrier Cargo Slovakia, according to an announcement of Transport Minister Ján Počiatek. The company intends to sell 12,342 wagons for EUR 216.6 million. The money will be used to pay back a part of the debts of the company. After the sale, Cargo Slovakia wants to rent 8,216 wagons from the new owner for at least eight years.
The company’s debt ammounts to EUR 320 million, according to Počiatek. “After completing the transaction we should get to EUR 150 million and, thanks to other steps we are currently planning, we should reduce the debts to EUR 130 million,” the minister said. The company should then become economically stronger and prepared for further operation.
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