However, in June 2004, the Swiss Federal Council empowered the SBB to transfer the Brünig line to the LSE with effect from January 2005. In return the LSE issued shares to the SBB, and as a result 2/3 of its shares are now owned by SBB.
In June 2004, the Swiss Federal Council authorized the SBB to transfer the Brünig line to the LSE, effective January 2005. The LSE then issued shares to the SBB in return for this transfer, and as a result, the SBB now owns two-thirds of the LSE's shares.