CER cargo holding plans BSE listing

Transport

Photo courtesy Budapest Stock Exchange

Hungarian railway freight company CER Cargo Holding plans to list its shares on the Budapest Stock Exchange in the second half of next year, CEO Otto Horváth said in an interview in yesterday's issue of business daily Világgazdaság.

"According to our original plans, CER Cargo Holding would have listed on the bourse this year already, but we had to postpone because of the pandemic. At present, internal preparations are underway, such as finalizing strategy and the business plan as well as improving internal processes. These are indispensable for a successful issue of shares," Horváth told the paper.

"We aim to list on the bourse in the second half of next year. We think that by then the effects of the economic pickup will be felt on the railway freight market, too," he added.

He said the ownership structure of a joint venture CER Cargo Holding plans to set up with Russian and Chinese partners could be "finalized" by the end of October.

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