Investing.com – According to Bloomberg, citing sources familiar with the matter, France’s state-owned transportation group SNCF is considering selling its stake in the European rail logistics division (Rail Logistics Europe).
Sources said SNCF has hired Lazard Inc. to advise on the potential deal, with the valuation of the rail freight logistics and transportation business possibly reaching up to 800 million euros ($941 million).
Some sources indicated that the business could attract interest from industry competitors, including CMA CGM SA, AP Moller-Maersk A/S, and DSV A/S.
Sources said discussions are ongoing, and SNCF has not yet made a final decision on the scale of the stake to be sold.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
French National Railways Considering Selling Shares of European Rail Logistics Division — Bloomberg Reports
Investing.com – According to Bloomberg, citing sources familiar with the matter, France’s state-owned transportation group SNCF is considering selling its stake in the European rail logistics division (Rail Logistics Europe).
Sources said SNCF has hired Lazard Inc. to advise on the potential deal, with the valuation of the rail freight logistics and transportation business possibly reaching up to 800 million euros ($941 million).
Some sources indicated that the business could attract interest from industry competitors, including CMA CGM SA, AP Moller-Maersk A/S, and DSV A/S.
Sources said discussions are ongoing, and SNCF has not yet made a final decision on the scale of the stake to be sold.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.