Railtrack in Railway Administration
Date: 07/10/2001
Railtrack is placed in administration following refusal of a request for further Government funding which would prevent the compnay from becoming insolvent. The future is not clear at the time of writing. Railtrack Group owns a number of businesses, including Railtrack PLC, some of which is may be allowed to retain. Compensation for shareholders is proving complicated to arrange.
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BBC Website
Railtrack, the company that owns Britain's railways, goes into administration after collapsing with huge debts.
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