Arab Today, arab today britain launches process to sell eurostar stake
Last Updated : GMT 19:17:27
Arab Today, arab today
Arab Today, arab today

Britain launches process to sell Eurostar stake

Arab Today, arab today

Arab Today, arab today Britain launches process to sell Eurostar stake

A Eurostar train comes out of the Channel Tunnel
London -AFP

Britain's government officially launched on Monday an attempt to sell its 40-percent stake in Eurostar, the high-speed rail service connecting London with Paris and Brussels.

It forms part the state's plan to recoup £20 billion ($32.2 billion, 25.4 billion euros) from asset sales by 2020 to help bring down the country's debt pile.
The government announced its intention to privatise its stake in Eurostar late last year.
"I am determined that we go on making the decisions to reform the British economy and tackle our debts. So we will proceed with the potential sale of the UK's shareholding in Eurostar today," finance minister George Osborne said in a statement.
The Treasury said it "would expect to reach definitive agreements in the first quarter of 2015" over the sale, ahead of a general election in Britain that is due soon after.
Eurostar is also 55-percent owned by French rail operator SNCF and five percent by Belgium's SNCB.
The train service has carried more than 145 million passengers in its 20 years of existence, and 10 million alone last year, the Treasury said.
Trade union leaders meanwhile hit out of the potential sale.
"This compounds the issue of foreign ownership of Britain's railways as the French state have first refusal on our slice of the highly profitable Eurostar cake," said Mick Cash, general secretary of the Rail, Maritime and Transport union.
"The French and Belgians think we are insane knocking off such a valuable and strategic infrastructure asset," he added.
There are concerns also that the government could offload the stake at a price deemed too cheap, in a repetition of last year's part-privatisation of Britain's Royal Mail postal service.
Shares in the company surged following its stock market debut.
Eurostar is soon to begin services to other French cities, while competition beckons.
Last year, Germany's Deutsche Bahn obtained approval to run trains through the Channel Tunnel and is expected to begin offering services linking London to Frankfurt and Cologne in Germany from 2016.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain launches process to sell eurostar stake Arab Today, arab today britain launches process to sell eurostar stake

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain launches process to sell eurostar stake Arab Today, arab today britain launches process to sell eurostar stake

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today El-Sissi vows to quash terrorism

GMT 18:47 2017 Sunday ,22 October

El-Sissi vows to quash terrorism
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday