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Article: Germany: Groupe Eurotunnel SA : SNCF and Eurotunnel acquire Veolia Cargo.
- Article from:
- TendersInfo
- Article date:
- September 3, 2009
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Byline: rakshali03
The SNCF and Eurotunnel have teamed up to acquire Veolia Cargo, the rail freight businesses of the Veolia group.
Veolia Cargo, Europe's leading private rail freight operator, has a particularly strong presence in Germany, Benelux and France. Consisting of 20 subsidiaries, it employs nearly 1,200 people and reported revenue of E188 million in 2008.
Groupe SNCF has taken over the rail companies based in Germany, the Netherlands and Italy, while Groupe Eurotunnel is acquiring the French branch of Veolia Cargo (Socorail, Veolia CargoFrance, Veolia Cargo Link and CFTA Cargo).
- A promising acquisition for SNCF
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