French car-pool app BlaBlaCar branching into bus lines


FILE PHOTO: A sticker of French ride-sharing start-up BlaBlaCar is seen on a car May 27, 2017 at Le Coudray-Montceaux, near Paris, France. REUTERS/Charles Platiau

PARIS: French car ride-sharing app BlaBlaCar said on Nov 12 it had offered to buy Ouibus, a bus operator owned by state rail firm SNCF, in the first major departure from its digital business model towards building a broader transport company.

BlaBlaCar did not disclose financial terms but said it had also raised €101mil (RM476.29mil) in funding from investors including SNCF, which will become a shareholder.

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