(PARTIAL) PRIVATISATION

Process begins for sale of Rail Logistics Europe stake

Hexafret (formerly known as Fret SNCF) will take care of the operations on French soil. Image: © Rail Logistics Europe
Hexafret is one of the main components of Rail Logistics Europe. Image: ©  Rail Logistics Europe

The sale of up to 49% of the capital of Rail Logistics Europe (RLE), the structure grouping SNCF’s rail freight subsidiaries, has taken a step forward with France’s state railway appointing two investment banks to manage the process. Lazard and Indosuez Corporate Advisory have sent a presentation document to potential candidates which values the stake at around 800 million euros, according to a report in the French media.

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Author: Stuart Todd

Stuart Todd is a correspondent and frequent contributor for RailFreight.com

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