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Article: U.S. rail operators withdraw from Estonia.(Rail Update)(Brief article)
- Article from:
- Railway Age
- Article date:
- February 1, 2007
CopyrightCOPYRIGHT 2007 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Baltic Rail Services (BRS), an investor group that includes U.S.-based RDC and Rail World, Inc., has sold its 66% stake in Eesti Raudtee (Estonian Railways) (EVR), completing renationalization of the company after five years of private management.
An RDC announcement out of Pittsburgh said the sale "ends years of bitter disputes between BRS and the Estonian State over regulations that were imposed subsequent to its privatization in August of 2001."
RDC Chairman Henry Posner III commented, "Not only ...