York Capital Management, Sped-Trans and Slavia Capital Consortium is privileged to be chosen the highest private investor in the MAV Cargo privatization process. The bidding price of HUF 86 billion reflects the strategic objectives of the consortium. York Capital Management, Sped-Trans and Slavia Capital have spent significant resources and time developing a real, fully financed business plan to expand and advance MAV Cargo. As one of the first privatized rail cargo businesses in Europe, MAV Cargo shall become the leading rail cargo company throughout the region. The consortium intended to expand MAV Cargo regionally, internationally, invest to grow the existing asset base and develop new areas of business.

According to our opinion, MAV Cargo has high quality employees as well as unique and strategic assets in Hungary and is directly positioned to benefit from strong regional economic growth. Consortium of York Capital Management, Sped-Trans and Slavia Capital praises the Hungarian government for its leadership in implementing the mandate of the European Union to privatize and liberalize railroad systems across Europe.

Being officially announced as the second winning bidder in the privatization, our consortium is fully committed to the process and is ready to take part in potential further negotiations as per tender rules.

About York, Sped-Trans and Slavia Capital

York Capital Management is an international private investment fund with over USD 12 billion of assets under management. Sped-Trans is a leading private freight forwarding company in central Europe. Slavia Capital is a private equity firm and leading investment bank in Slovakia and the Czech Republic.