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SNCF Acquires Stake in Westbahn
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Published: August 24, 2011; 11:55 ♦ (Vindobona)
The French national railway company participates with 26% in ÖBB’s new competitor. Operations start on 11 December.
SNCF Acquires Stake in Westbahn / Picture: © Vindobona.org
The EU cartel authorities had given green light in June already, now the parties have also agreed on the commercial details of the deal. SNCF, France’s national state-owned railway company, becomes partner of ÖBB’s new competitor Westbahn Management GmbH. The French group acquires a 26% stake in Westbahn’s parent company Rail Holding AG. Financial details of the transaction were…
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