Thursday, 4 November 2010

HSBC's Eversholt sold - Banks out!

This from

A consortium of infrastructure investors has acquired UK rolling stock company Eversholt Rail Group from banking group HSBC.

Comprising 3i Infrastructure, Morgan Stanley Infrastructure Partners and STAR Capital Partners, the consortium is to acquire the whole group, which owns one third of UK rolling stock, in a deal valuing it at £2.1bn (€2.4bn). The payment is to be made with a mix of debt and equity.

None of the three major Roscos is now owned by a bank.

Eye wonders how much new trains will now cost?