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France Rail Industry : the recovery is entrusted to the british group Liberty

The industrial project of Liberty has been preferred to the offerings of the leader of ArcelorMittal steel, the indian group Jindal, the british Olympus Steel a

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France Rail Industry : the recovery is entrusted to the british group Liberty

The industrial project of Liberty has been preferred to the offerings of the leader of ArcelorMittal steel, the indian group Jindal, the british Olympus Steel and the chinese Jingye.

The commercial chamber of the court of Strasbourg has entrusted this Thursday, the british group Liberty the recovery of France Rail Industry (FRI) at Hayange (Moselle), the leading provider in the rail on the SNCF. "The nominee is the group Liberty", announced to the AFP the court registry of the commercial court.

The british group, however, must obtain the agreement of the ministry of the Economy : the FRI is the leading provider of rails for the SNCF, an asset considered "strategic" by the French government and which, therefore, requires the green light from French authorities for his redemption.

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The industrial project Liberty, which also integrates the steel mill Ascoval in Saint-Saulve (Nord) has been preferred to the offerings of four other candidates : the leader of ArcelorMittal steel, the indian group Jindal, the british Olympus Steel and the chinese Jingye.

employees in quest of warranties

"We are expecting a tripartite meeting, it is hoped that the State undertakes. We want guarantees on investment and on the maintenance of the employees," responded Djamal-Hamdani, representative of CFDT on the site steel mosellan which employs about 450 people. "You had the choice between ArcelorMittal and Liberty. You had the choice between the plague and cholera, and the least worst of the two it was Liberty", he added.

The inter-union (CFDT, CFE-CGC and FO), meeting this Thursday morning in the economic and social committee, was in favor of the squeeze-out of the chinese Jingye. At its acquisition in march of British Steel, bankrupt, Jingye had not been able to expand its acquisition in the plant mosellane, property of British Steel, the ministry of Economy has not issued its opinion.

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