Rail News

Competition Authorities Give Thumbs Up to SNCF Deal

The competition authorities of Switzerland and Germany both approved the SNCF Logistics’ acquisition of 45% of the shares of BLS Cargo. The new partnership between the two rail freight companies starts officially at the beginning of July.

Rail Freight Companies
BLS Cargo Locomotive © Thomas Naas (license)

 

 

 

 

 

 

 

 

 

February’s Conditional Deal Officially Approved

An agreement was reached between SNCF Logistics and BLS Cargo in February 2017 and was under the conditional approval of the competition authorities in Switzerland and Germany. Both authorities have now approved the acquisition of 45% of shares of BLS Cargo by SNCF Logistics. As of July the shareholding of BLS Cargo will consist of 52% BLS AG, 45% SNCF Logistics and 3% Ambrogio Group (IMT).

Related Post:  13 Must-Read Rail News Stories – Industry Insider for Week 10

The co-operation between SNCF, its Captrain subsidiaries and BLS Cargo will strengthen the successful business model of the parties on the North/South freight transport corridor. The partners will intensify the collaboration in cross-border transport, mutually benefit from the partnership, and present international and consistent services on the market.

Original article © BLS Cargo.

FOR ALL THE LATEST INFORMATION, NEWS, IMAGES, VIDEOS AND ARTICLES ON ALL ASPECTS OF ROLLING STOCK, PLEASE CLICK HERE

News categories

    24 May 2019
    German Centre for Rail Transport Research Opens
    21 May 2019
    Fahma Orders 27 Hydrogen Fuel Cell Trains from Alstom
    17 May 2019
    Diversity in the Rail Sector – A Vital Investment
    15 May 2019
    SBB Cargo Launches Autocouplers
    09 May 2019
    BLS Will Not Run Long-Distance Services in 2020 Due to SBB Complaint
    09 May 2019
    Germany Hosts Rail Summit | Focus on Digitalisation
    08 May 2019
    Noah’s Train Promoting Modal Shift to Rail Reaches Italy
    07 May 2019
    Deutsche Bahn Celebrates Europe Day 2019
    Subscribe
    Subscribe to Railway-News
    Get the latest contract alerts and Railway News emailed directly to your inbox.

    We respect your privacy and take protecting it seriously.

    Please tick to confirm you would like to receive emails we think may be of interest to you. We sometimes tailor the content you see to what we think you'll find interesting, and so monitor your interaction with our website and email content (find out more).