Information published on 15 October 2013 in the UIC electronic newsletter "UIC eNews" Nr 369.

Železničná spoločnosť Cargo Slovakia, a.s. (ZSSK CARGO) establishes two subsidiaries with subsequent declaration of the international tender for qualified partners to enter them

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In the near future ZSSK CARGO will establish subsidiaries for the management of freight wagons and for the operation of intermodal transport. Part of the subsidiary shares will then be offered to potential partners in the international tender, with the completion and evaluation of binding offers expected in March 2014. The actual sale of the shareholding should take place in the second half of 2014. Potential partners can express their preliminary interest as described on web page www.zscargo.sk (http://www.zscargo.sk/en/public/news/subsidiary-companies-zssk-cargo.html).

The aim of the measures in terms of government material on the consolidation of rail freight in the Slovak Republic is the entry of the qualified and reputable partners in subsidiaries which are expected to increase management efficiency of the freight wagons, to increase service quality and volume of intermodal transport. The parent company ZSSK CARGO plans to use the funds obtained from the sale of equity share primarily for economic consolidation and reduction of its debt to 30 % in comparison with the situation in 2012.

Establishment and sell-off of equity shares within subsidiaries results from the Government Resolution 390/2013, adopted on 10 July 2013 in the framework of measures to consolidate rail freight transport in Slovakia.

(Source: ZSSK Cargo)