Spain’s national rail operator, Renfe, is set to enter the Italian market after acquiring a 33% stake in Longitude Holdings, the parent company of the Turin-based private rail operator Arenaways.
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Private operator Arenaways has confirmed it is in talks with one public and one private investor over selling stakes in the company. The Italian firm said that “advanced negotiations are underway to expand the corporate structure with two shareholders, a public and a private company, both leaders in the European market”.
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