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UK to sell off its 40% stake in Eurostar


United Kingdom

UK to sell off its 40% stake in Eurostar

The UK government is to sell its 40 percent stake in Eurostar as part of a plan to privatise 24bn euros of financial and corporate assets by 2020.

In the past, coalition ministers have maintained that the Eurostar stake would be retained. The company, which is majority-owned by the French state rail firm, SNCF, more than doubled profits to 62mn euros last year.

Last month Eurostar revealed it had seen an increase in revenues and passenger numbers compared with last summer.

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