Wednesday, March 4, 2015

EUROSTAR STAKE SOLD BY UK

The UK government is selling its 40% stake in cross-channel train operator Eurostar for £757.1 / $1.15bn.

Anglo-Canadian consortium Patina Rail LLP is buying the UK's entire stake.

France and Belgium's national railways will continue to own the rest of the high-speed service.

Eurostar has carried more than 150 million passengers across the Channel since it launched in 1994.

Danny Cox of stockbroker Hargeaves Lansdown says it's a well performing asset.

IN: "Passenger...
OUT: ...this year."
DUR: 23 seconds