SNCF eyes Italian rail freight operator Ferrovie Nord Cargo
Thomson Financial: 05.12.08
PARIS - French state railway SNCF is considering taking a stake of up to 49 percent in Italian rail freight operator Ferrovie Nord Cargo, the Financial Times reported.
The company is also looking at other potential purchases, including the privatisation of CFR Marfa, the freight arm of Romania's national railways, a person familiar with SNCF's thinking told the newspaper.
Any deal for FNC - expected to value the business at a few tens of millions of euros - would not be likely before June, the source added.