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This Brussels investigation that threatens the future of Fret SNCF

2023-05-15T17:37:13.080Z

Highlights: Brussels suspects the French state of having granted unjustified aid to Fret SNCF between 2007 and 2019. He also has difficulty understanding the cash advances (3.9 billion to 4.3 billion) of the 100% public group. Europe is concerned about a possible distortion of competition to the detriment of other operators active in France (Europorte, Getlink, Eurostar, SNCB, and others) This article is for subscribers only. To see the rest of the article, please click here.


DECRYPTION - The State negotiates with Europe to prevent it from calling into question public aid to the company.


The appointment was on Clément Beaune's agenda. This Tuesday, the Minister of Transport was to receive the leaders and trade unions of Fret SNCF, the subsidiary responsible for the conveyance of goods within the railway group. Finally, the minister postponed the meeting by a few days. But no more. It is that there is urgency.

Brussels suspects the French state of having granted unjustified aid to Fret SNCF between 2007 and 2019 for a huge amount (5.4 billion euros). He also has difficulty understanding the cash advances (3.9 billion to 4.3 billion) of the 100% public group to cover the incessant losses of its subsidiary during this period. And he frowns at the injection of 170 million made by the public authorities at the end of 2019 when Fret SNCF became a SAS.

" READ ALSO How the SNCF emerges winner of the opening to competition

More generally, Europe is concerned about a possible distortion of competition to the detriment of other operators active in France (Europorte, subsidiary of Getlink, Euro...

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Source: lefigaro

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