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Europe Daily Bulletin No. 7972

28 May 2001
Contents Publication in full By article 18 / 46
GENERAL NEWS / (eu) eu/transport
Commission allows EUR 448 million restructuring aid for French company sernam and its sale to Geodis

Brussels, 28/05/2001 (Agence Europe) - The European Commission had approved restructuring aid totalling around EUR 448 million (2,938 million FF) for the French company Sernam (Service National des Messageries), subsidiary of the state-owned railway company SNCF, which provides traditional and express delivery services for parcels and equipment, as well as freight and logistics. The aid will cover Sernam's losses covered by SNCF (EUR 144 million) and restructuring costs after it has been...

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