Skift Take
Eurostar is preparing to expand routes to Amsterdam in 2016 giving the UK a limited amount of time to give up its shares. The UK is looking to raise cash and improve its domestic links.
Britain plans to sell its 40 percent stake in Channel Tunnel express train operator Eurostar Group Ltd. as it seeks to improve transport links and raise billions of pounds from asset disposals after paring state spending.
Talks about a sale are taking place with other investors in Eurostar, which is majority owned by France, the Department for Transport said after the plan was revealed by the Treasury under a 375 billion-pound ($510 billion) infrastructure program.
Eurostar, whose core routes link London with Paris and Brussels, carried 9.9 million passengers last year and doubled its operating profit to 52.3 million pounds. The compan
