J&T enters cargo privatization with Rail Cargo Austria

FINANCIAL group J&T has joined the ongoing tender for the sale of 100 percent stake in railway company ZSSK Cargo by joining Rail Cargo Austria, the Pravda daily wrote.

"The companies created a consortium and will submit their bid in the second round of the tender," said Gustav Poschalko, a member of rail Cargo Austria's board of directors.

The Austrian firm is a subsidiary of the country's railway transportation company Österreichische Bundesbahn. The bidders for ZSSK Cargo have until the end of January to submit their bids.

Compiled by Martina Jurinová from press reports
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