Date: 01 Jun 2006 00:00 Source: Lloyds List
State-controlled French Mediterranean ferry operator SNCM is set to pass into private sector control today following yesterday’s approval by the European Commission of its proposed takeover by Butler Capital Partners and Veolia Transport, writes Andrew Spurrier in Paris .
The company’s existing board is due to approve the takeover, which has just been authorised by French government decree, at a meeting this morning and an SNCM spokesman said the new management team would be taking control immediately afterwards.
Operational management will be in the hands of Veolia Transport, which will have a 28% stake in SNCM alongside investment company Butler Capital Partners, which will be leading shareholder with 38%.
Veolia has already made clear, however, that it expects to become the majority shareholder in the company, notably via the expected withdrawal of Butler Capital Partners after five years.
Gérard Couturier, formerly regional director of Veolia Transport, is to become head of SNCM’s new management board, replacing existing chief executive and former head of the port of Dunkirk authority Bruno Vergobbi.
The French state is to keep a 25% stake in SNCM’s capital, while the company’s employees have been allocated 9%.
Date: 12 April 2015 Source: Stena Line
Travel between Ireland and France with Stena Line and bring an extra person along for FREE when you book with directferries.co.uk!
Date: 17 July 2012 Source: Lloyds List
Date: 02 July 2012 Source: BBC News
A new law has come into force in France making it compulsory for motorists to carry a breathalyser kit in their vehicles or risk an on-the-spot fine.
Date: 12 June 2012 Source: BBC
Date: 07 June 2012 Source: BBC News
Cross Channel ferry companies have reported a rise in day trippers heading to France to take advantage of the euro weakening against the pound.
Date: 16 January 2012 Source: BBC
Date: 10 January 2012 Source: Lloyds List
Date: 03 January 2012 Source: Daily Echo
There'll be an increase in the number of sailings from Poole ferry port to the Channel Islands in 2012.
Date: 05 December 2011 Source: Stena Line.
Travel to Holland in 2012 with Stena Line on their Harwich Hook of Holland ferry service from just £59 each way by car.
Date: 29 November 2011 Source: BBC Kent
A second terminal at Dover ferry port, which could double the port's capacity, has been approved by the government.