Eltel signs a letter of intent to divest its rail business operations in Denmark
Eltel has today signed a letter of intent to divest its Danish rail operations to Strukton Rail A/S, a company providing solutions in the field of rail infrastructure, railway vehicles and mobility systems. Eltel’s rail operations in the Danish market mainly consist of a maintenance contract for signalling, track and catenary services for Sund & Bælt A/S. The contract is valid until March 2019 with a one-year prolongation option.The contemplated transaction, comprising the maintenance contract with Sund & Bælt A/S, 26 employees and operational equipment used for delivering the relevant