Romanian company buys Croatian state railway freight operator

Grampet Group, a Romanian company, has come out winner in the bidding process for the sale of 75 per cent of the shares of the Croatian state freight railway operator HZ Cargo, according to a media statement by the Romanian company, confirmed by reports in the Croatian media.

The transaction, expected to be finalized next month, will bring the Croatian government an estimated 144 million euro.

“We are extremely glad and proud to be able to be one of the Romanian ambassadors abroad and to be a source of pride for Romania and our nationals just as notorious sportsmen represents the country’s flag with honor wherever they compete,” says the the text issued by Grampet Group.

According to the International Railway Journal, the Croatian minister of Transport, Sinisa Hajdas Doncic, announced yesterday that he expects the 75 per cent sale of the HZ Cargo to be concluded next month, after the Croatian government selected Grup Feroviar Roman (GFR), a subsidiary of Grampet Group, as the winner of the bid.

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(Photo: Eiji Miura)