Eurostar and Thalys merge to bring more high-speed rail lines to Europe
A new holding company called Eurostar Group was born from the merger of the railway companies Eurostar International and THI Factory (Thalys), thus creating the largest international high-speed network in Western Europe.
Based in Brussels, the Eurostar group will promote a sustainable high-speed train in Europe.
Eurostar Group owns 100% of the shares of Eurostar International and Thalys, based respectively in London and Brussels.
The French National Railway Company (SNCF) holds a 55.75% stake in the new entity, the Caisse de depot et placement du Québec (CDPQ) holds a 19.31% stake while the National Railway Company Belgian railways SNCB holds an 18.5% stake.
Funds managed by Federated Hermes Infrastructure hold a 6.44% stake in the entity.
Eurostar International’s current CEO, Jacques Damas, will lead the new company in the same role.
By accelerating the development of European rail transport, the Eurostar and Thalys combination should meet the growing demand for sustainable mobility.
Launched in September 2019, the Green Speed alliance project was abandoned following the Covid-19 pandemic.
The project got clearance from the European Commission in March this year, after it was relaunched in the fall of last year.
In addition, the entity aims to transport 30 million passengers per year in ten years against 18 million customers in 2019.
The alliance should also accelerate the recovery of Eurostar and Thalys, affected by the Covid-19 crisis.