Independent journal on economy and transport policy
08:40 GMT+2
RAILAMERICA BUYS MAJORITY INTEREST IN CHILEAN TRANSPORTATION COMPANY
(World Wide Shipper)
March 1, 1997
BOCA RATON, Fla. -- RailAmerica, Inc. has announced that its wholly owned subsidiary, RailAmerica de Chile, S.A., has acquired a majority interest in the stock of Empressa de Transporte Ferroviario S.A. ("Ferronor"), a 1,400 mile railroad serving northern Chile.
RailAmerica has joined in the purchase of Ferronor with Andres Pirazzoli Y Cia, Ltda.
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