{"id":142297,"date":"2024-10-21T19:59:07","date_gmt":"2024-10-21T09:59:07","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=57296"},"modified":"2024-10-21T19:59:07","modified_gmt":"2024-10-21T09:59:07","slug":"estonian-operail-might-be-close-to-get-a-buyer","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=142297","title":{"rendered":"Estonian Operail might be close to get a buyer"},"content":{"rendered":"

The Estonian government decided to sell its rail freight company Operail and turn it into a private operator due to financial difficulties. It now seems that there is a leading candidate to become Operail\u2019s new owner, a negotiations officially started with Tiigi Keskus, a real estate company who also owns Tartu Mill, a company producing wheat and rye.<\/strong>
\n<\/span>The Estonian Minister of Infrastructure pointed out that many parties came forward showing interest in purchasing Operail from the state. Tiigi Keskus\u2019 offer was deemed the best one, and now negotiations can start. Should negotiations fail, other potential buyers who already submitted an offer will have the chance to be reconsidered. The amount offered by Tiigi Keskus to take over Operail has not yet been disclosed.<\/p>\n

Tiigi Keskus pointed out that taking over Operail might also enhance synergies with Tartu Mill\u2019s portfolio. Tartu Mill owns Estonia\u2019s largest grain mill and has a presence in Latvia as well, which could be fertile ground for Operail\u2019s new life. \u201cWe plan to continue to provide high quality freight and rolling stock repair services in Estonia and also to expand geographically,\u201d a board member from Tiigi Keskus told Estonian media.<\/p>\n