FRANCE: SNCF is to establish a subsidiary branded 574 Investments to manage its involvement with technology start-ups.

The name refers to the 2007 world rail speed record set by a modified TGV.

SNCF has already invested in four funds dedicated to supporting young technology companies, but 574 Investments will be a vehicle enabling the group to take minority stakes in specific businesses.

SNCF believes its total portfolio of investments in transport-related start-ups is likely to reach €160m.