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COSCO Shipping acquires stake in Rail Cargo Terminal-BILK, Hungary

Budapest, Hungary (PortSEurope) November 22, 2019 – Ocean Rail Logistics, part of COSCO Shipping of China, has acquired a more than 15% stake in Rail Cargo Terminal-BILK, the Hungarian division of Austriaʼs Rail Cargo Group. COSCO see the stake as an investment in a central European transit hub for goods transiting between China and Europe. Rail Cargo Terminal-BILK started operating…

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