Ferrocarriles Y Transportes Suburbanos
, commonly known by its acronym FTS, was a railway company in the Basque Country, Spain. Founded in 1947 as the merger of various railway companies, it operated several suburban rail lines in the Greater Bilbao area. FEVE took over its operations in 1972, which in 1982 were transferred to the new company Basque Railways. History FTS was founded in 1947 with the merger of two independent railways and two lines operated by another company: * Lutxana–Mungia railway, an independent company. * Bilbao–Lezama railway, an independent company. * Bilbao–Las Arenas–Plentzia railway and the Matico–Azbarren branch, operated by the Bilbao–Santander Railway Company. Aside from the railways, FTS also operated several tram and bus lines. The Bilbao–Plentzia line had been electrified since the 1920s, and shortly after the establishment of the new company the remaining non-electrified lines were electrified too. The rolling stock was renovated starting in the 1950s, but b ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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