September 27, 2012

NS to acquire stake in The Hague Tramways?

Written by  Quintus Vosman
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NETHERLANDS Railways (NS) today announced it has begun due diligence into the possible acquisition of a 49% stake in The Hague Tramways (HTM) from the municipality of The Hague, which is currently the sole shareholder.

Both NS and HTM say they want to raise the standard of public transport and improve links between urban rail and the main line network in the Randstad conurbation. Around a third of NS passengers travelling to and from The Hague also use HTM services for part of their journey.

Participation in HTM fits with NS' strategy of developing itself into a multimodal passenger transport operator. NS has a 49% share in Dutch regional bus operator Qbuzz, operates train services outside the Netherlands through its Abellio subsidiary, and owns Czech bus company Probobus. NS also owns bicycle rental company OV-fiets and car hire company Greenwheels.

The due diligence process should be completed by the end of the year, after which a final decision will be taken on whether to proceed with the acquisition.

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