{"id":161208,"date":"2024-12-25T01:48:19","date_gmt":"2024-12-24T15:48:19","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=58737"},"modified":"2024-12-25T01:48:19","modified_gmt":"2024-12-24T15:48:19","slug":"hungarys-waberers-to-acquire-70-stake-in-gysev-cargo","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=161208","title":{"rendered":"Hungary\u2019s Waberer\u2019s to acquire 70% stake in Gysev Cargo"},"content":{"rendered":"

Hungarian logistics group Waberer\u2019s International is to acquire a 70 per cent stake in Gysev Cargo, further strengthening its domestic and regional rail logistics capabilities. Gysev Zrt., the current 100 per cent owner of Gysev Cargo, will retain a 30 per cent stake in the company following the transaction.<\/strong>
\n<\/span>A sale and purchase agreement for Gysev Cargo makes provision for Waberer\u2019s to acquire a 62.5 per cent stake in Gysev Cargo, with a commitment to a further capital increase in the company after the closing of the transaction \u2013 valued at around two billion Hungarian forints (4.8 million euros) – which will increase Waberer’s stake to 70 per cent.<\/p>\n

Earlier this year, Waberer acquired a 51 per cent stake in Petrolsped Budapest. Petrolsped (PSP Group) which provides rail logistics services mainly in Hungary and Romania, either directly or through its subsidiaries, Pultrans and PSP Cargo Romania. This marked Waberer\u2019s entry into the rail freight market.<\/p>\n