Eurotunnel acquires Great Britain Rail Freight
The acquisition, completed without any increase in debt, is in line with the Group’s development strategy which aims to develop a leading position in the European rail freight market in the future.
As a result of the complementarities between its French rail freight subsidiary Europorte France and GBRf in terms of geographic cover and customer type, Groupe Eurotunnel now has a high performance potential which will enable it to offer customers a complete service, especially across the Channel.
The rail freight market in the UK is one of the most developed in Europe, with annual growth between 1995 and 2008 averaging 4%. It has pioneered liberalisation since the introduction of competition in 1996.
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