ITALY'S state-owned train operator Trenitalia is preparing to enter the French market on two fronts after declaring its intent to bid for Veolia Cargo and applying for paths to operate international passenger trains. Italian Railways (FS) CEO Mr Mauro Moretti says Trenitalia is looking to pursue a strong policy of internationalisation and is targeting Veolia Cargo in a bid to expand its presence outside Italy. "We are reasonably optimistic we will participate to win and not lose," he says.
Veolia Environment is reportedly looking to sell assets worth around Euros 1 billion this year. Veolia Cargo operates in France, the Netherlands, Germany, and Italy. Last year it generated revenues of Euros 188 million with volumes of 4.5 billion tonne-km.