Arab Today, arab today eu clears sncf eurostar takeover must open routes to rivals
Last Updated : GMT 16:55:22
Arab Today, arab today
Arab Today, arab today

EU clears SNCF Eurostar takeover, must open routes to rivals

Arab Today, arab today

Arab Today, arab today EU clears SNCF Eurostar takeover, must open routes to rivals

The EU has given the nod to SNCF
Brussels - AFP

The EU approved Wednesday French rail operator SNCF's takeover of cross-channel train company Eurostar but said it must allow rival firms to ply its blue-ribbon routes.

Brussels said it will have to change the terms of a deal which would have "hindered the entry of competitors" on the London-Paris and London-Brussels services.

It feared the original takeover deal would have limited competitors' access to rail stations in France and Belgium and to maintenance depots in France, Belgium and Britain.

"The European Commission has approved the planned merger involving the acquisition of sole control of Eurostar International Limited by the French rail operator SNCF MOBILITES," it said in a statement.

"The Commission’s decision is conditional on compliance with commitments designed to facilitate the entry of new rail operators onto the London-Brussels and London-Paris routes, on which Eurostar is currently the only operator."

The Commission -- the EU's powerful executive arm which also regulates competition issues -- said the original deal would have the effect of "perpetuating Eurostar’s dominant position on these markets."

When the company was created in 2010, Eurostar International was jointly controlled by SNCF and the British government, with the French operator as the minority partner.

Britain announced on March 4 that it was selling its stake to a private enterprise and SNCF negotiated a package that would allow it to gain exclusive control over Eurostar.

 

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