Home » Business » Half of the Leo Express was taken over by the Panlok Railway Colossus Renfe

Half of the Leo Express was taken over by the Panlok Railway Colossus Renfe

Speculation about the terms of the Panlsk company to buy a stake in Leo Express appeared u on jae. So she managed to catch her, as the letter pointed out web elperiodico.com, the transaction was approved by the Spanish Ministry of Finance.

According to foreign media, the profit of the share should take place in the form of a plus basic name, which Renfe will make.

The signing of the investment contract is another step towards the entry of a strategic investor into Leo Express. The terms and conditions of the investment agreement are the subject of trade secrets, and therefore Leo Express will not comment on them bluntly, commented Emil Sedlak on the company’s post-press speech.

According to the Spanish thinkers, Renfe indicated in two that the entry of the capital into the Czech company is part of a strategic task of opening new markets. In addition to the Czech, Slovak and Polish market, the new Renfe source and license, which allows the company to access the lucrative German market, pointed out web marketresearchtelecast.com. According to him, he went to the region at the moment when the opening for high-speed projects opens up for them.

Renfe thus proves that by 2028, 20 percent of their needs will come from abroad.

Leo Express is a private railway and bus carrier, the company was founded in 2010 by businessman Leo Novotn. Before the covid-19 pandemic in 2019, the group recorded a profit of 150 million K. The turnover was also reported in 2018. Last year, turnover increased by about a quarter to 1.1 billion crowns.



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