UK govt sells its stake in Eurostar rail for £585m
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BRITAIN has agreed to sell its 40 per cent stake in the Eurostar rail link for £585 million (S$1.2 billion) to a consortium comprising the Canadian public pension fund Caisse de Depot du Placement du Quebec (CDPQ) and the British asset manager Hermes.
The government announced the deal for its stake in the high-speed rail link between Britain and continental Europe on Wednesday following a competitive sale process begun in October by Finance Minister George Osborne.
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