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SNCF Acquires Stake in Westbahn

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: © WESTbahn Management GmbH

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…

This article includes a total of 181 words.

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