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Koncar to deliver 7 more DEMUs to Croatian passenger railway co

Author Annie Tsoneva
Koncar to deliver 7 more DEMUs to Croatian passenger railway co Author: Vlada.hr. License: All rights reserved.

ZAGREB (Croatia), August 3 (SeeNews) - Croatian electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] said on Wednesday it will deliver a further seven diesel-electric multiple unit vehicles (DEMU) for regional traffic to state-owned passenger railway company HZ Putnicki Prijevoz (HZPP) under an annex to a deal signed earlier.

Koncar's unit Electric Vehicles and HZPP signed on August 3 an annex to their contract that brings the overall number of vehicles to 12, and the overall value of the deal to 285.5 million kuna ($39 million/38 million euro), Koncar said in a filing to the Zagreb bourse.

Koncar has already delivered five diesel-electric motor vehicles to HZPP under the same deal.

The manufacturing of the remaining seven DEMUs will be funded by a loan obtained from EUROFIMA - the European rolling stock financing company, Koncar said.

Koncar's shares traded at 880 kuna on Wednesday afternoon on the Zagreb bourse, up 0.57%.

(1 euro=7.515 kuna)

 
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