Cookie Consent by FreePrivacyPolicy.com Renfe prepares its entry in the capital of Czech private rail operator Leo Express
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Renfe prepares its entry in the capital of Czech private rail operator Leo Express



Renfe is finalising the process for the acquisition of 50 per cent of the capital of Leo Express, a Czech railway company that operates services in several European countries, as part of the internationalisation process as outlined in the Strategic Plan of the Spanish operator.


Renfe prepares its entry in the capital of Czech private rail operator Leo Express

(15/04/2021) 

The transaction, which will not exceed half the capital of the Czech railway company, constitutes a strategic business opportunity for Renfe, which seeks to establish alliances and open new business routes outside the Spanish national market.

In addition, investing in a company that already has a business development is a more affordable and less uncertain bet than having to face the necessary costs to establish abroad from scratch.

Renfe’s entry as a main partner in the shareholding of Leo Express has a direct benefit for the Spanish company, such as having activity in three more European countries (the Czech Republic, Slovakia and Poland), and having the resources and licenses to access the German market.

The strategic acquisition also allows Renfe to immediately apply for Public Service Obligation (PSO) tenders in Germany, the Czech Republic and Poland, with local implementation capacity, experience, equipment, or references in these countries, often essential to be able to compete.

Furthermore, Renfe would be better positioned to access the high-speed projects planned in the region. The Czech Republic, Slovakia and Poland are three countries that still have a lot of potential for the development of their transport infrastructures.

Leo Express


Leo Express is a private company that began operating in 2012 in the Czech Republic. Since then, it has been developing its business through the extension of its services in countries such as Slovakia and Poland, as well as the awarding of PSO tenders in the Czech Republic itself, which is one of the areas where they want to grow.

The company has also been present in Germany since 2017, operating for FlixTrain a long-distance open access service between Berlin and Stuttgart.

Likewise, Leo Express has operated various road connections in the Czech Republic, Slovakia, Austria, Poland and Ukraine with the aim of supporting its rail services through train-bus intermodality. Currently, due to the Covid-19 crisis, they are limited to operating railway services in the Czech Republic, Slovakia and Poland.

 

 


 
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