Brussels authorises aid for Sernam
Brussels authorises aid for Sernam (Bruxelles autorise une aide a la Sernam)
From LE FIGARO, May 24th, 2001
The European Commission ahs decided to give restructuring aid of 448m euros to Sernam, a subsidiary of French national rail group SNCF. The payment will allow Sernam to be taken over by parcel delivery company Geodis. Sernam fits the bill of a company in difficulty according to the Commission, and if taken over by Geodis, could be viable again in under four years time. Abstracted from Le Figaro in French. Copyright 2001 Financial Times Information, Dow Jones, Dialog.
