Published on 10 July 2024
CMS Belgrade has provided support to Rail Cargo Group (RCG), a freight subsidiary of ÖBB and one of Europe’s leading rail logistics providers, in negotiating a joint venture with minority shareholder Transfera, Serbia’s second-largest transport and logistics provider. RCG will own 51% and Transfera 49% of the new company, which will be headquartered in Belgrade.
The joint venture will initially focus on developing intermodal logistics solutions, aiming to integrate Serbian railways into the European transport network and promote environmentally friendly transport solutions. This partnership follows the successful launch of the first freight train from the new intermodal terminal in Kruševac, Serbia, improving rail transport connections to Western Europe.
The scope of CMS Belgrade's advice covered corporate law aspects, including review and amendment of transaction documents, as well as competition law aspects of the transaction in Serbia, Austria and Poland. The CMS Belgrade team was led by Marija Tešić, Partner (Corporate/M&A), and included Srđan Janković, Counsel (Competition), and Mila Drljević, Attorney-at-Law (Corporate/M&A). The transaction was also supported by Dieter Zandler, Partner (Competition) for the EU and Austrian competition law aspects, and the Polish team led by Malgorzata Urbanska, Partner (Competition), who provided merger control assistance in Poland.
