HUNGARIAN STATE Railway announced on May 29 that it had invited bids for the sale of its freight subsidiary MÁV Cargo, which has a nominal value of almost HF30bn.Indicative bids are invited by July 23, with final tenders to be submitted by October 19.
MÁV has appointed Boston Consulting Group to assist with the tender process, which it says is intended to maximise the sale value of the freight business. At the same time, the railway hopes that the new owner will improve the efficiency and competitiveness of the operations and develop local freight business.
