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04/03/2015
Government Sells Stake In Eurostar
The UK Government has agreed to sell its stake in high speed rail operator Eurostar for £757.1m.
Chancellor George Osborne, and the Chief Secretary, Danny Alexander, announced a consortium comprising of Caisse de dépôt et placement du Québec (CDPQ) and Hermes Infrastructure has agreed to acquire government's 40% stake in Eurostar for £585.1m.
The sum exceeds expectations for the 40% stake when the government announced that it was inviting offers for its stake in October 2014.
Eurostar has, on closing of the sale of the government stake, agreed to redeem HMG's preference share, providing a further £172m for the exchequer.
Mr Osborne said: "It's great that we have reached an agreement to sell the UK's shareholding in Eurostar that delivers a fantastic deal for UK taxpayers that exceeds expectations.
"Investing in the best quality infrastructure for Britain, getting the best value for money for the taxpayer and tackling our country's debts are key parts of our long term economic plan, and in today's agreement, we are delivering on all three."
(CD/JP)
Chancellor George Osborne, and the Chief Secretary, Danny Alexander, announced a consortium comprising of Caisse de dépôt et placement du Québec (CDPQ) and Hermes Infrastructure has agreed to acquire government's 40% stake in Eurostar for £585.1m.
The sum exceeds expectations for the 40% stake when the government announced that it was inviting offers for its stake in October 2014.
Eurostar has, on closing of the sale of the government stake, agreed to redeem HMG's preference share, providing a further £172m for the exchequer.
Mr Osborne said: "It's great that we have reached an agreement to sell the UK's shareholding in Eurostar that delivers a fantastic deal for UK taxpayers that exceeds expectations.
"Investing in the best quality infrastructure for Britain, getting the best value for money for the taxpayer and tackling our country's debts are key parts of our long term economic plan, and in today's agreement, we are delivering on all three."
(CD/JP)
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13 October 2014
Govt To Sell 40% Stake In Eurostar
The government has announced that it is to sell its 40% stake in the Eurostar cross-Channel train service, as part of a plan to boost public finances. The sale is part of the government's National Infrastructure Plan laid out last year, through which it hopes to raise some £20bn from corporate and financial asset sales by 2020.
Govt To Sell 40% Stake In Eurostar
The government has announced that it is to sell its 40% stake in the Eurostar cross-Channel train service, as part of a plan to boost public finances. The sale is part of the government's National Infrastructure Plan laid out last year, through which it hopes to raise some £20bn from corporate and financial asset sales by 2020.
19 July 2013
Govt Sells Majority Stake In Plasma Firm
A US private Equity firm has bought an 80% stake in blood products company Plasma Resources UK. Bain Capital paid the government £230m for the majority stake in the firm, which supplies haemophilia and immune deficiency treatments to the NHS. Bain said they want to transform PRUK into "a UK-based life sciences champion".
Govt Sells Majority Stake In Plasma Firm
A US private Equity firm has bought an 80% stake in blood products company Plasma Resources UK. Bain Capital paid the government £230m for the majority stake in the firm, which supplies haemophilia and immune deficiency treatments to the NHS. Bain said they want to transform PRUK into "a UK-based life sciences champion".
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15 April 2004
Immigration controls extended to include Belgian Eurostar
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Immigration controls extended to include Belgian Eurostar
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16 January 2006
Pressure on Education Secretary grows
Pressure on the Education Secretary Ruth Kelly has been increasing over the weekend after it emerged that a teachers' agency had received written permission for a man at the centre of the row to work as a maths teacher.
Pressure on Education Secretary grows
Pressure on the Education Secretary Ruth Kelly has been increasing over the weekend after it emerged that a teachers' agency had received written permission for a man at the centre of the row to work as a maths teacher.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
