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Italians take control at TX Logistik.
(From Lloyds List)
TRENITALIA has effectively taken control of TX Logistik by taking a majority stake in the private German rail operator, writes Katrin Berkenkopf in Cologne.
The company, which is a subsidiary of Italy's state-owned operator Ferrovie dello Stato, bought another 36%, bringing its total shareholding to 51%.
The purchase price was not disclosed.
Some 85% of the shares in TX Logistik were previously held by the management and supervisory board. Trenitalia acquired the initial stake two years ago.
TX Logistik was a motor for the further internationalisation of Trenitalia, a statement suggested.
...
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