Billionaire Daniel Krzetinski’s EPH holding has received permission from the European Commission and will buy out 49 percent of the shares in the Slovenské železnice cargo division, the Slovenian state-owned railway company.

Neither side has commented on the price of the deal, but it is estimated at around 2.7 billion kronor, informs Railway Supply magazine, citing forbes.cz

The result will be a new joint venture that will become one of the largest rail and logistics groups in the region.

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Within the framework of Křetín EPH, the shares will belong to EP Logistics International, the rest will remain with the Slovak Railways.

According to Daniel Chastvae, spokesman for Daniel Krzetinski, EP Logistics International is also planning further acquisitions in this sector.

Related:

A new container berth has been opened in Slovenia’s largest port

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