It is all coyness and shrugs from Arriva and Keolis, effectively the international arm of French state railway SNCF, on their discussions over a potential merger. Neither is saying who proposed to whom or why. However, what is clear is that their talks mark the start of a new era in the passenger transport industry in which giant European groups are expected to emerge.
The Arriva/SNCF discussions follow plans for a tie-up between Keolis’s French rivals Veolia and Transdev. Keolis had...
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