Spanish national rail operator Renfe is set to expand into the Italian market after acquiring a 33 per cent stake in Longitude Holdings, the company behind Turin-based private rail operator Arenaways.
Renfe’s international business arm, Renfe Proyectos Internacionales, has taken a third of the holding company, while Spanish investment firm Serena Industrial Partners also holds a 33 per cent stake.
The newly restructured company “will begin operating imminently”, according to Renfe, with plans to operate two routes across Italy’s Piedmont region as soon as January.
In a statement, Renfe said Arenaways will operate a regional route that connects the towns of Cuneo, Saluzzo and Savigliano, with services set to begin in January, as…
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