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Deutsche Bahn to acquire Bulgarian State Railways

  • Published by Ozgur Tore

German railway company Deutsche Bahn may acquire the troubled Bulgarian State Railways (BDZ).

bdzAccording to the news in Bulgarian media, German railway company Deutsche Bahn discussed the option with Prime Minister Plamen Oresharski, with the two sides agreeing the company should propose measures to develop BDZ as a railway carrier.

DB has a week to offer a price for its services, but the minister says a deal on Bulgaria's railway company could also be signed by the next cabinet.

Transport Minister Danail Papazov revealed DB was expected to produce a model to restructure BDZ and also to tackle its debt amounting to BGN 700 M (roughly EUR 350 M).
Source: novinite.com

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