3i sells Keolis back to SNCF
Financial Times: September 28 2006
By Peter Smith and Helen Thomas
3i has sold back to SNCF, the French state rail group, its 45 per cent stake in transport group Keolis, in a deal that is thought to value the bus and transport operator at £700m, including debt.
SNCF already owns a 44.5 per cent in Keolis and has agreed to acquire 3i’s stake of 52.5 per cent stake barely two years after it sold that holding to the FTSE 100 private equity group.