Swiss seek minority investors for SBB Cargo rail business

Swiss seek minority investors for SBB Cargo rail business
An SBB cargo train arrives at the production plant of coffee pod maker Nespresso, part of food giant Nestle, in Romont, Switzerland, August 30, 2016. Picture taken August 30, 2016. REUTERS/Denis Balibouse -
Denis Balibouse(Reuters)
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ZURICH (Reuters) – The Swiss government will seek investors for a minority stake in SBB federal railways’ cargo business, it said on Friday.

It gave no further details in a statement outlining its strategic goals for the public railways over the next three years.

SBB Cargo is the market leader with a 25 percent share of goods transport in Switzerland, it says on its website. It transports 202,000 tonnes of goods a day.

SBB Cargo International operates on the main north-south axis from Germany to northern Italy.

(Reporting by Michael Shields; Editing by Maria Sheahan and Kirsten Donovan)

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