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SNCF to Buy Geodis

April 2008.

France\'s state railway company, SNCF, has announced plans to make an offer for the outstanding shares in Geodis that it does not already own, in a transaction that values the target company at nearly €1.1 billion.

SNCF is Geodis\' main shareholder, currently holding 42.37% of its share capital and 45.79% of its voting rights. SNCF will offer shareholders a cash price of €135 per share, which represents a 79% premium based on the average price of Geodis’ shares during March 2008.

The acquisition of the international forwarder & logistics group would position SNCF to become a major global logistics player, and, as Transport Intelligence points out, would help SNCF to compete with its main European rival – Deutsche Bahn, reports.

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