Geodis’ Board of Directors met on 18 December under the Chairmanship of Mr. Pierre Blayau.
1. The Board accepted the new project to acquire an equity holding in Sernam as proposed by the Chairman. The principle of this equity holding acquisition had been previously approved by a Board meeting on 15 March 2000 and authorisation was granted by the European Commission on 23 March 2001.
Read MoreFrench transport minister Jean-Claude Gayssot wants to see a vast logistics branch in France, but this seems a long way off. The acquisition by Geodis of a 15 per cent stake in parcels delivery group Sernam, a subsidiary of railway group SNCF, is still being negotiated and is a small step towards the creation of such a branch.
Read MoreThe European Commission ahs decided to give restructuring aid of 448m euros to Sernam.
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