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Railcoop avoids liquidation and goes bankrupt

The cooperative now has six months to find capital to guarantee the continuation of its activity.

The railway cooperative Railcoop went into suspension of payments on Monday, opening a six-month period to find capital to guarantee the continuation of its activity, it announced to its members on Friday.

Based in Figeac (Lot), Railcoop has obtained railway strips (traffic slots) from SNCF Réseau to guarantee from December 15, 2024 a daily round trip between Bordeaux and Lyon, a transversal link abandoned by the SNCF in 2014 that it intends to restart.

Looking for financing

The company is looking for financing. for months now. On the verge of suspending payments, Railcoop launched an appeal in June to its 14,500 members to raise 500,000 euros before September 30 to pay salaries and settle suppliers.

Last year it lost 4.7 million euros in its freight transport activities, which were abandoned in April.

Author: OC with AFP
Source: BFM TV

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