FRANCE: The first stage of a restructuring of the Systra group was completed on June 30 with the incorporation of holding company Financière Systra into Systra SA, and the transfer of control of consultancy businesses Xelis and Inexia from RATP and SNCF respectively. Supervisory and executive boards were also established.

Systra said the group is 'entering a transition phase', with the three entities remaining commercially separate for now but tasked with developing an integration plan for approval by the shareholders, which include national railway SNCF, Paris transport operator RATP, Crédit Agricole and BNP.