French open-access rail co-operative Railcoop has confirmed reports that it is likely to enter liquidation after a restructuring attempt seemingly failed to address the financial difficulties that saw the venture placed into administration.
While the French courts final decision on the future of the co-operative is only due to be released on 29 April, a hearing this week began the formal arrangements for creditors and Railcoop told Railway Technology it was extremely likely the court would order its liquidation.
Launched in 2019, the co-operative had been hoping to revive the Bordeaux to Lyon …
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