Friday, August 29, 2008

Deutsche Bahn in talks to buy Romania’s Romtrans

29. August 2008. | 11:31 06:13

ACG News Agency

Romanian transport company Romtrans was privatized in 1994, is headquartered in the capital city, Bucharest, and is owned by employees.

German railway operator Deutsche Bahn AG, one of Europe’s main railway operators, is in talks to buy Romanian transport company Romtrans, in a transaction estimated at EUR80 million- EUR100 million, Financial Times Deutschland reported Thursday, without specifying the sources.An official announcement is expected next week, the German daily reports.

Romanian transport company Romtrans was privatized in 1994, is headquartered in the capital city, Bucharest, and is owned by employees.

The holding-type company has nine branches in Bucharest and other major Romanian cities and employs 1,300 people.Romtrans also owns stakes in ten Romanian companies and seven foreign companies.

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