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BREAKING NEWS

UK to sell stake in Eurostar

Britain is selling its 40 percent stake in Eurostar for 804 million euros. Its part of a national plan to sell off publically owned assets in a bid

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UK to sell stake in Eurostar

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Britain is selling its 40 percent stake in Eurostar for 804 million euros.

Its part of a national plan to sell off publically owned assets in a bid to help rebalance the country’s books.

The stake is going to a consortium comprising of a Canadian public pension fund and the British asset management firm.

The remaining 60 percent of Eurostar is held by French rail operator SNCF, which has a 55 percent stake and Belgian national rail operator SNCB, which has a 5 percent stake.