SERNAM – GEODIS
April 1st, 2003
BY KEITH NUTHALLTHE TROUBLE-STREWN proposals to restructure the publicly-owned French road haulage operator Sernam appear to have hit another snag, with the European Commission opening an inquiry into the latest plans, which it fears may break European Union (EU) state aid rules. As a result, Brussels has opened a state aid investigation, which could lead to it blocking the deal.The Commission had in May 2001 approved Sernam's integration into private haulage firm Geodis, which would take a 60 per cent stake. Because this take-over would have led to Sernam, (a ...
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