Sale of Estonian national rail freight operator gets underway

 

The Estonian government has formally launched a two-stage process to privatise national rail freight operator Operail.

The public auction approved by the cabinet on June 6 will cover Operail’s entire business, including freight operations, rolling stock repairs, all contracts and the brand name.

It is being managed by LHV Group’s investment banking unit, with law firm Ellex Raidla providing legal advice.

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