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.

source= https://www.railwaygazette.com/news/business/single-view/view/sncf-business-to-invest-in-start-ups.html