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Financial groups now in competition for Cargo Slovakia

THREE Slovak financial equity groups, Penta, J&T and Slávia Capital, grouped in three consortiums, are marching into the last large privatization in Slovakia, the sale of the country's railway cargo transporter Cargo Slovakia.

Cargo Slovakia owns approximately 800 locomotives and about 16,000 cargo wagons, as well as attractive pieces of land on which an investor could, for example, build hotels, the daily SME reported.

Penta and J&T were each part of consortiums that bid for Slovakia’s two largest airports, in Bratislava and Košice, with Penta emerging as the winner as a member of the TwoOne consortium.

The cabinet will probably manage to sell Cargo before March 31, the date the cabinet has set as the deadline for wrapping up all privatization deals.

The Transport Ministry estimates that the sale of Cargo could bring about Sk15-20 billion (€401 million to €534 million) to state coffers.

Compiled by Beata Balogová from press reports
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