View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 30, 2019

Eurostar considers merger with European rail operator Thalys     

French rail firm SNCF, SNCB and Patina Rail have proposed the merger of Eurostar and Thalys under a project dubbed Green Speed.

French rail firm SNCF, SNCB and Patina Rail have proposed the merger of Eurostar and Thalys under a project dubbed Green Speed.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

The combination proposal was presented to the boards of their shareholders and is expected to cater to sustainable travel demand in Europe.

Eurostar is the cross-Channel high-speed rail operator that provides direct services on London-Paris and London-Brussels routes. It links the UK to France, Belgium and The Netherlands through the Channel Tunnel.

Thalys is the Franco-Belgian high-speed rail operator launched in the early nineties and developed to the scale of its four countries, namely Belgium, France, the Netherlands and Germany.

Eurostar provides direct links to 14 destinations and Thalys to 26 locations. Together they operate 112 trains on a daily basis and serve more than 18.5 million passengers a year.

Green Speed project aims to provide high-speed rail travel as a better alternative to air and road. It aims to increase the capacity of passengers per year on the combined Eurostar and Thalys networks to 30 million by 2030.

SNCB CEO and Thalys chairman Sophie Dutordoir said: “Thalys and Eurostar joining forces would come at the right time and could only be beneficial to all travellers. It would combine railway expertise with stable shareholders.

“The combination would be based on the strong conviction that, now more than ever, the train is the safest, most sustainable, fastest and most efficient solution for travelling inside Europe. Brussels would play a central role in this project as the hub for the various routes, linking all the cities that are served.”

The project also seeks to increase renewable energy usage and reduce CO2 emissions, simplify international travel with one single ticket, joint loyalty programmes and enhance service quality for customers.

The proposed combination would require clearance from the boards, the European Commission and consultation with the employees’ representative bodies.

 

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU