France: Authority for competition assesses increase of SNCF’s share in Keolis

At the demand of the European Commission, the French Authority for Competition announced it would assess the increase of SNCF’s share in the capital of transport company Keolis.

This April, SNCF announced its plans to increase to 70% the 56.5% share it held in the capital of Keolis, if Brussels decided to give the green light.

On July 30, the European Commission confirmed that the authority for competition in France has the best position to study the problem and decided that the file should be entrusted to it.

The decision of the French authority will be made in 25-26 working days.

Source : www.boursorama.com

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