BREAKING NEWS

BREAKING NEWS

Swiss seek minority investors for SBB Cargo rail business

Swiss seek minority investors for SBB Cargo rail business
@ Copyright :
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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