Belgian national rail operator SNCB has sold the remaining 10% in Lineas to SFPI-FPIM (The Federal Holding and Investment Company), reports railway magazine Railway Supply, referring to official information from Lineas.

cargo operator
Picture: Lineas

At the same time, the company informs about attracting financing in the amount of 60 million euros to overcome the consequences of the Covid-19 pandemic. Half of the funds will be provided by the banking consortium Belfius and BNP Paribas Group, the other half – by shareholders of Argos Wityu and SFPI / FPIM.

Lineas is one of the largest private freight carriers in Europe. The company owns a fleet of 250 locomotives and 7000 wagons, which serve the Green Xpress intermodal transport network.

In turn, SNCB plans to focus on its core passenger activities.

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