VTG acquires majority stake in Slovakian carrier
Under an agreement signed in February 2020 and with the approval now received from the relevant antitrust authorities, VTG Rail Logistics has taken over the majority stake of the Slovakian railway company Carbo Rail.
With immediate effect, Hamburg (Germany)-based VTG takes full charge of the carrier’s strategic development and operational management. This also involves integrating Carbo Rail into VTG’s Retrack railway company: Carbo Rail will operate under the name of Retrack Slovakia in future.
With this addition to the network, a train will be able to run on the full stretch of a corridor without having to recouple the locomotive at border crossings. Furthermore, the new Retrack network partner will contribute its licences and its assets to the transaction, including 25 locomotives and around 150 employees, VTG said. (ben)