Waberer’s to acquire majority stake in GYSEV Cargo
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Waberer’s International is to acquire a 70pc stake in GYSEV Cargo, the listed Hungarian hauler said Monday.
Waberer’s, which signed an agreement to buy 62.5pc of the shares of GYEV Cargo on Monday, committed to raise the company’s capital by close to EUR 4,85m (HUF 2bn) to develop railway logistic infrastructure. The transaction will close at the end of the first half of 2025. GYSEV, the current owner of 100pc of GYSEV Cargo, will keep its 30pc stake in the target company after the transaction.
GYSEV Cargo is Hungary’s second largest railway transport service provider and can also provide services in Austria through its Austrian subsidiary Raaberbahn Cargo. GYSEV Cargo operates the container terminal in Sopron (W Hungary) at the Intermodal Logistics Service Centre, which is owned by GYSEV. It will also operate the intermodal container terminal under construction at the Debrecen-Macs Industrial Park railway station.