The European Commission has given conditional approval to French state railway operator SNCF to acquire full control of Eurostar international Ltd.
Eurostar has been a jointly controlled venture between SNCF Mobilites (the French railway passenger arm), the UK Treasury and SNCB (the Belgian state railway) since 2010, with each party holding 55%, 40% and 5% shareholdings respectively.
The Commission found that the original merger plan would have hindered competition between London and Paris, and...
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