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Indiaexportnews.com

Eurotunnel bids to purchase the French subsidiaries of Veolia Cargo

  05.08.2009    

Despite posting a consolidated net loss of €8 million for the first half of this year, Eurotunnel is bidding to purchase the French subsidiaries of Veolia Cargo. 
Groupe Eurotunnel has always had ambitions to develop in the rail freight sector, and this transaction - the group's first external growth project - is made possible by its 2007 restructuring.
Groupe Eurotunnel is bidding to purchase the Veolia Cargo France, CFTA Cargo, Veolia Cargo Link and Socorail activities which produced revenues of approximately €50 million in 2008.
The project is being run in conjunction with a subsidiary of the SNCF group, which is bidding for Veolia Cargo's German, Dutch and Italian subsidiaries, according to eyefortransport. 



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