London – Trenitalia has completed the acquisition of Essex and London train operator c2c from National Express Group via its British subsidiary Trenitalia UK. The deal, formally approved by the Department for Transport, will see c2c’s franchise continue to run until November 2029. As previously announced the total consideration of the deal has been confirmed in the region of £72.6 million. FS Italiane, parent company of the Group, in its function as guarantor with the Department of Transport, has paid to the vendor an extra £35.0 million to settle an existing intercompany loan granted to the franchisee and in which it now acts as a lender. Trenitalia intends to build on c2c’s existing strengths as one of the UK’s most punctual and popular train operators. (9colonne)
