Cargo rail transporter to be privatised

THE TRANSPORT Ministry will sell cargo rail transportation company Železničná spoločnosť Cargo (ŽSC), and hopes to gain Sk15 billion (€376 million) from the sale.

It remains unclear how big a stake of the transport company will be sold, but Transport Minister Pavol Prokopovič thinks the entire 100 percent should go, the SME daily wrote.

ŽSC will be created after the division of the current rail transportation company into cargo and passenger transportation firms. The cabinet passed the division plan on July 7.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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