SNCF Logistics buys 45% of BLS Cargo

French logistics company SNCF Logistics has bought 45% of the shares in BLS Cargo. The new partnership between the two rail freight companies strengthens the successful business model on the Swiss North/South freight transport corridor.

BLS will remain the majority shareholder with 52%. The Ambrogio Group (IMT) remains a 3% shareholder in BLS Cargo, as before.

SNCF Logistics is already very active on the freight transport market and, with its subsidiaries Captrain Germany and Captrain Italia, is the second-largest in the German and Italian market.

Up to now, SNCF has been less active in Switzerland and along the North/South freight transport corridor. The positive position of BLS Cargo, in particular in international combined transport, perfectly complements the business activities of SNCF.

Chairman of BLS Cargo, Bernard Guillelmon said: “We have found just the right partner in the SNCF Group. This means that we can shape the freight business internationally to make it more sustainable and forward-looking.”

For more information visit www.blscargo.ch

20th Feb 2017