International high-speed operators Eurostar and Thalys announced plans in late September to merge the two companies to create a new pan-European high-speed operator to be known as Green Speed.
French Railways (SNCF) is the majority shareholder for both operators, along with Belgian Railways (SNCB), which is a minority shareholder in both Eurostar and the two Thalys operating and commercial companies.
Patina Rail LLP (a Canadian bank consortium) has a 40% stake in Eurostar, formerly owned by the British government.
The merger is subject to competition clearance by the EU. The new merged company will have annual revenues of €1.7billion, and is aiming for 30% growth in passenger numbers by 2030.
Advert
Railway Reads
From the history of steam through to 21st century rail transport news, we have titles that cater for all rail enthusiasts. Covering diesels, modelling, steam and modern railways, check out our range of magazines and fantastic subscription offers.Get The Railway Hub Weekly Round-up
Enter your e-mail address below and you will receive weekly rail news straight into your inbox…You can unsubscribe at any time.
