UK government looks to sell Eurostar stake

TD Guest Writer

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Eurostar celebrates 20 years this year
Eurostar celebrates 20 years this year

The UK government has started to look into selling off its stake in Eurostar to reduce the public debt.

Chancellor of the Exchequer George Osborne has started to accept bidders for the 40% stake, with parties having until 31 October to respond.

A potential sale is expected to be finalised in the first quarter of 2015.

A statement from the Treasury said: “the government’s key objective in a potential sale will be to maximise value for money for the UK taxpayer”.

In his Autumn Statement in 2013 Osborne set out plans to generate GBP20 billion from corporate and financial asset sales by 2020.

Eurostar carried more than 10 million passengers in 2013 and has had more than 145m users since launching 20 years ago.

Klook.com

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