Reginal Thomas
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Britain agrees its stake in Eurostar for $899 Million

Britain has agreed to sell its 40% stake in the Eurostar rail link for $899.7 million to a consortium of Canadian public pension fund Caisse de Depot du Placement du Quebec and British asset manager Hermes. The government announced the deal for its stake in the highspeed rail linking Britain and continental Europe, after a competitive sale process begun in October by the minister of finance George Osborne.

Osborne said the price tag was higher than expected. Investment bank UBS advised the government on the deal. Macky Tall, Caisse senior vice president for private equity and infrastructure said, “It remains something that we are cautious about” and “we are