Fret SNCF is to be split into two companies and many of its routes given to other operators following an investigation by the European Commission (EC) into illegal state aid for the company between 2007 and 2019 when it recorded losses of €5.3bn. David Haydock examines the wider implications for the French rail freight market.
Fret SNCF break-up: what are the consequences?
Fret SNCF is to be split into two companies and many of its routes given to other operators following an investigation by the European Commission (EC) into illegal state aid for the company between 2007 and 2019 when it recorded losses of €5.3bn. David Haydock examines the wider implications for the French rail freight market.
French National Railways (SNCF) wrote off €5.3bn of debt held by Fret SNCF between 2007 and 2019. Photo: Shutterstock/Daan Verstraete
Tags: European Commission, France, freight, Fret SNCF, Premium