UK government sells Eurostar stake for £757.1m
Thursday 5th March 2015
BBC News has reported that the UK government is selling its 40% stake in the cross-Channel train operator Eurostar to an Anglo-Canadian consortium, Patina Rail LLP, for £757.1m.
The French and Belgian national railways continue to own the rest.
Chancellor George Osborne said the stake had fetched “far more than people expected we’d be able to sell it for. This is a very good deal – it means we can cut the national debt, it means we can invest in our national infrastructure and it’s fantastic value for British taxpayers. It’s all part of our long-term plan to secure Britain’s future.”
Click here for the full article.