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Baja makes move
US to Mexico ferry operator Baja Ferries is in talks to buy French ro-pax owner SNCM after Norway’s Siem Shipping pulled out.
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Found an interesting story?
Baja makes move
US to Mexico ferry operator Baja Ferries is in talks to buy French ro-pax owner SNCM after Norway’s Siem Shipping pulled out.
The company could buy Transdev’s 66% stake in the Corsican operator.
"Our proposal for SNCM seems well accepted by Transdev and was presented to the government," the company told Reuters.
Transdev called the bidder a “serious candidate.”
Siem had been in talks about a possible takeover, but pulled out earlier this month.
A new buyer will have to find a solution to the European Union’s demand for EUR 440m ($605.5m) as a repayment of state aid for subsidised routes granted in previous years. The
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