The Polish government is planning a stock market floatation of a 49% stake in state-owned H Cegielski Poznan SA for 2008. The nine subsidiaries of the Poznan-based firm include manufacturers of rolling stock and diesel engines.

The Serbian privatisation agency has sold a 70% stake in Novi Sad-based railway construction and maintenance firm ZGOP to sole bidder Integral Inzenjering of Bosnia for €3·6m.

On October 1 Zürich-based rail operations and infrastructure planning consultancy SMA & Partner marked its 20th anniversary with the opening of an office in Lausanne serving French-speaking markets.