The Council of Ministers has authorized on Tuesday at the proposal of the Ministries of Transportation and Sustainable Mobility and the Finance Creation of Renfe subsidiaries in France and Mexicowith the aim of promoting your business in both countries, where it is already present … .
The intention of the public operator with that decision is to endow the organizational structure necessary to strengthen its positioning in these countries, which means continuing to advance in the group’s internationalization process.
The subsidiary in France, called Renfe FranceSocieté Par Actions Simplifiée, will be based in Paris and its corporate purpose will be the search for business expansion in the neighboring country, its execution and exploitation.
The creation of Renfe France, 100% subsidiary of RENFE International Projects SME, responds to the company’s need to have a vehicle with its own legal personality that groups the different international businesses of Renfe in this market.
In addition to participating in different public services tenders in French territory, Renfe already provides high -speed direct services between Barcelona and Lyon and between Madrid and Marseille. Also, in the coming months the third international frequency between France and Spain will launch when connecting Barcelona and Toulouse.
Regarding Mexico, you have already executed Several contracts focused on the implementation of the Mayan Trainalthough the new subsidiary will centralize both in existing activities and in new business opportunities that arise in the country.
The headquarters will be in Mexico City and its denomination will be agreed after the response of the Ministry of Economy of Mexico, so that the constitution of this subsidiary will allow Renfe to have an entity with its own legal personality, which can eventually be authorized to act as a railway operator.
«This advance in the French and Mexican market will involve a fundamental step for the International Group Growth Strategywhich continues with its international expansion with the purpose of consolidating itself globally as an operator and railroad consultant «, defends the company in a statement.
Its internationalization process aims to foreign business represents 10% of your incomefor which it has structured these participations in a specific society called Renfe International Projects.
In the rest of the world, the High Speed Railway Highland in Saudi Arabia operates, has entered markets such as Italy, Slovakia and Czech Republic, and participates in projects such as the Baltic Rail or in Arab Emirates.
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