Scandinavian freight railway once again wholly owned by DB Cargo
DB Cargo buys back 49 percent of shares in Danish freight railway DB Cargo Scandinavia A/S
(Copenhagen/Frankfurt (Main), 15, March 2018) DB Cargo reacquired 49 percent of shares in DB Cargo Scandinavia A/S. The German Cartel Offices has already approved the acquisition.
DB Cargo is buying these shares from Swedish freight railway Green Cargo, which purchased a shareholding in DB Cargo Scandinavia as part of a joint venture some 10 years ago.This means that DB Cargo is once again the sole shareholder in Danish freight railway DB Cargo Scandinavia A/S based in Copenhagen.
With this investment, DB Cargo is looking to increase its market share in Scandinavia and in particular to attract customers in the Swedish market.
Along with its activities in Denmark, servicing the Swedish market and the rail connection to Germany will be one of the main tasks of DB Cargo's Scandinavian national company. Owning 100 percent of the company's shares allows DB Cargo to now operate through trains from Germany through Denmark to Sweden and back with all-in-one traffic management and a high level of quality.
This signals the end of the joint venture with Green Cargo, however DB Cargo will continue to collaborate with the company in operations to service transport for numerous customers.
The parties agreed to keep the purchase price confidential.