Osborne confirms Eurostar sell-off

Sale of 40% stake in continental rail link set to beat projection and raise more than £750m

By Tom Batchelor

04 Mar 2015

The government has sold off its entire stake in the Eurostar train franchise, earning the Exchequer £757m.

Ministers said the deal represented a marked improvement on expectations when the offering was first revealed in October last year.

The government's 40% stake will be taken on by Caisse de dépôt et placement du Québec and Hermes Infrastructure for £585.1m, with a further £172m coming from Eurostar on redemption of the Treasury's preference share.

Chancellor George Osborne described the sale as a “fantastic deal for UK taxpayers that exceeds expectations”.

Read the most recent articles written by Tom Batchelor - Film: Kingsman: The Secret Service

Share this page