Rail News

European Commission Approves Sale of Škoda Transportation to PPF Group

The European Commission (EC) has approved the sale of Škoda Transportation to investment company PPF Group, a privately held international financial and investment group based in the Netherlands.

The entry of a strong financial partner in the form of PPF Group into Škoda Transportation will contribute to its further development.

Škoda Transportation
Škoda Locomotive By Mgr. Jaroslav Charvát – www.zelpage.cz, CC BY-SA 3.0

Škoda Transportation and its Subsidiaries

The EC has approved, under the EU Merger Regulation, the proposed acquisition of sole control over Skoda Transportation a.s., VUKV a.s., Skoda Investment a.s. and Bammer Trade a.s., all four of the Czech Republic, Jokiaura Kakkonen (“JK”) of Finland, and Satacoto Ltd. of Cyprus, by PPF Group N.V. of the Netherlands.

Related Post:  Singapore LTA to Introduce Travel Smart Rewards

Skoda Transportation is engaged in the production, development, assembly, reconstruction and repairs of railway and subway vehicles, trams, trolleybuses and electric buses, and related services. VUKV is active in the development, research and testing of rail vehicles and their parts, and related services. Skoda Investment is involved in the renting of property and the granting of licences for the SKODA trademark and is also active, via its subsidiaries, in photovoltaic power generation, IT and telecommunications technology. Bammer Trade is involved in the repair of public transportation vehicles. JK is engaged in the renting of production facilities. Satacoto is a holding company which is active, via its subsidiary, in the production of electric motors and generators, and the renting of real estate. PPF is a multinational finance and investment group focusing on financial services, consumer finance, telecommunications, biotechnologies, retail services, real estate and agriculture.

Related Post:  Russian Railways Launches New Rail Freight Service from Japan to Europe

European Market

The Commission concluded that the proposed transaction would raise no competition concerns given the negligible overlaps between the companies’ activities in the European Economic Area. The transaction was examined under the simplified merger review procedure.

FOR ALL THE LATEST INFORMATION, NEWS, IMAGES, VIDEOS AND ARTICLES ON ALL ASPECTS OF ROLLING STOCK, PLEASE CLICK HERE

News categories

    07 May 2019
    Industry Insider Week 18 – 11 Must-Read Rail Stories
    29 Apr 2019
    Skoda to Supply New Restaurant Cars for VR
    15 Apr 2019
    Industry Insider Week 15 – 9 Must-Read Rail News Stories
    08 Apr 2019
    Skoda to Supply 31 Electric Trains to Czech Railways
    11 Feb 2019
    12 Must-Read Rail News Stories – Industry Insider for Week 6
    08 Feb 2019
    Skoda Delivers Last of 250 ForCity Alfa Praha Trams to Prague
    09 Nov 2018
    Railway-News Industry Insider: 10 Must-Read Rail Stories for Week 45
    05 Nov 2018
    Škoda Push-Pull Trainset for Deutsche Bahn Receives TSI Certification
    Subscribe
    Subscribe to Railway-News
    Get the latest contract alerts and Railway News emailed directly to your inbox.

    We respect your privacy and take protecting it seriously.

    Please tick to confirm you would like to receive emails we think may be of interest to you. We sometimes tailor the content you see to what we think you'll find interesting, and so monitor your interaction with our website and email content (find out more).