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EU: Eurostar $1.2 billion rail merger approved

By  |  May 13, 2015

The European Commission on Wednesday said it has approved a $1.16 billion merger involving the acquisition of Eurostar International by the French rail operator SNCF Mobilities, on the condition that the companies comply with commitments to facilitate the entry of new rail operators onto the London-Brussels and London-Paris routes.

Since it was set up in 2010, Eurostar has been jointly controlled by SNCF and the UK Government. SNCB holds a minority share. On 4 March 2015 the UK Government announced that it had agreed to sell its stake in Eurostar to a private company. Under the deal in question here, SNCF has negotiated a new shareholder agreement giving it sole control of Eurostar.

 

Full content: European Commission

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