Croatia: Privatisation of HZ Cargo unit to Romanian buyer collapses

Croatia said on Friday a privatisation deal for the sale of state railway cargo unit HZ Cargo to a Romanian buyer had fallen through, reports quoting Reuters. The Croatian transport ministry said in a statement the buyer, Grup Feroviar Roman, had changed some conditions for the purchase from those it put forward in a binding bid, and that it could not continue with the sale under such circumstances.

Leave a Reply