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As lockdown restrictions ease and we start to consider travelling again, the future of cross-Channel operator Eurostar remains uncertain.
Eurostar is seeking financial support from the UK Government, citing higher access charges here as a reason.
The French Government has pledged to provide support for the operator, while £200 million has been provided by one of its shareholders, Caisse de Dépôt et Placement du Québec (CDPQ) and Hermes Infrastructure.
Registered in the UK and supporting 3,000 jobs either with the business or in the supply chain, the company is, however, 55% owned by SNCF (French state rail), 40% by CDPQ/Hermes and 5% by SNCB (Belgian state railways).
So: Should the UK Government provide financial assistance to Eurostar?

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Freightliner Group sold for £490 million

Freightliner, the UK’s second largest freight company, is to be bought by American firm Genesee & Wyoming for £490 million.

G&W will acquire approximately 95% of the shares from current owner Arcapita. It will assume approximately £8.5m in net debt and capitalised leases.

Members of the existing Freightliner management team will retain approximately 5% ownership, with G&W to own 100% of the business by mid-2020. The deal is expected to close during the first quarter of this year.

FL says that the change in ownership will be “mutually beneficial for both parties”. There is no impact on day-to-day operations of the Group or its subsidiaries.

Russell Mears, Chief Executive of Freightliner Group, said: “Genesee & Wyoming brings additional investment firepower, extended international reach and increased below‎ rail infrastructure expertise to add to the existing strengths of the Freightliner Group.”

  • For more on this story, see RAIL 769, published on March 4

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