French state railway bids for Geodis control
France’s state-owned railway SNCF has offered 135 euros ($212) per share offer for the remaining shares in French transport and logistics firm Geodis.
SNCF holds 42.37 percent of Geodis’ share capital and 45.79 percent of its voting rights. The offer represents a 79 percent premium based on the average price of Geodis’ shares during March 2008 and values the company at about 1.1 billion euros ($1.72 billion).
French state railway bids for Geodis control
