Acciona will not compete with Renfe in the AVE


Madrid

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Acciona will not compete to enter the passenger transport business by AVE train in front of Renfe, as confirmed by company sources.

The group headed by José Manuel Entrecanales has given up entering this new business after performing an analysis of it and weigh alliances with large European rail groups, as "El Economista" has advanced in its Thursday edition.

Acciona prefers concentrate your investments on your traditional businesses, fundamentally in the one of the renewable energies, according to indicate these sources.

In this way, the company will not submit to Adif request to enter the AVE on October 31, the deadline for companies that want to compete with Renfe when the market opens in December 2020 ends.

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