Wednesday, March 4, 2015

UK SELLS EUROSTAR STAKE

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.

UK Chancellor George Osborne says it's a good deal for Britain.

IN: "By selling...
OUT: ...taxpayer."
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