UK rail freight co EWS in talks with Deutsche Bahn about European co-operation |
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Tue, 29 May 2007 10:18
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LONDON (Thomson Financial) - UK rail freight operator English, Welsh and Scottish Railway Holdings Ltd (EWS) said it is in discussions with German rail company Deutsche Bahn AG about developing a joint European rail freight network.The talks cover a full range of co-operation options, such as joint projects or the acquisition of EWS shares by Deutsche Bahn, EWS said in a statement.'Freight traffic in Europe is growing and the increasingly competitive and liberalised rail freight sector is expanding and providing sustainable transport solutions,' EWS said. 'Deutsche Bahn and EWS's European network solution will be a key part of this growth.'EWS is owned by Canadian National Railways Co, New Zealand merchant bank Fay Richwhite and US investment groups Berkshire Partners and Goldman Sachs Group Inc.The German state owns all of the shares in Deutsche Bahn, although a partial privatisation and flotation is scheduled for the first half of 2008, company chief executive Hartmut Mehdorn reiterated earlier this week.paul.sandle@thomson.comps/cmlCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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European rail cos to form alliance to compete against low-cost airlines - report 