The German intermodal operator Contargo has acquired, with effect from last January 1st, 50% of the capital Cargo-Center-Graz Logistik GmbH (CCGL), the company that operates the Austrian intermodal terminal and logistics hub Cargo-Center-Graz which was opened in 2004 ( of 6 September 2003 and 2 April 2004). The transaction provides for the doubling of the capital CCGL which will rise to 70 thousand euros, capital increase which will be signed by Contargo Beteiligungs GmbH which will become an equal shareholder of Cargo-Center-Graz Betriebsgesellschaft m.b.H. & Co KG, previously sole owner of CCGL.

With the operation, Contargo expands its intermodal network connections with the Adriatic ports of Koper and Rijeka, while expects that the intermodal terminal in Graz will be completed by the end of this year connected to the Contargo railway service network.