In brief: SNCF take over bid on Geodis is a success
Posted on July 10, 2008 by Matthieu Desiderio
The operation is (apparently) a success: according to a report from the stocks market authority (Autorité des marchés financiers, AMF), SNCF, the French national railway operator, would hold more than 95% of Geodis shares and right of votes.
This announcement was made by the AMF on Monday, July 7 and the final result of the take over bid is to be known on July 10. Geodis would then be integrated in the SNCF freight and logistics newly formed division.
More information on this issue will be provided on Transport Expertise in the near future.
References
- Article: Succès de l’OPA de la SNCF sur Geodis, La Tribune, Jul. 7, 2008: here
References from the Transport Information Group
- SNCF to buy the last 57% of Geodis it does not own yet, April 7, 2008
- Geodis rapatrié dans le pôle fret de la SNCF, April 7, 2008
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