Shipping company MSC has been selected to take over 50 per cent of the Spanish national rail freight operator Renfe Mercancías. This move is expected to help Renfe Merciancías’ operations and finances, given that the company had €38 million in debts in 2022.
MSC’s partial takeover will be carried out through its logistics arm, Medlog, and railway operator, Medway. The decision came after Renfe’s board of directors met on Monday 25 September and now needs to be authorised by the Spanish government. The rest of the details will be discussed and finalised once this happens. However, it is already known that Medway will be in charge of the Rolling Highway between Madrid and Valencia, which should be ready by next year.