Date: 20/01/2015
Almost a third of all Britain’s trains have been bought by billionaire Hong Kong investor Li Ka-shing after rolling stock group Eversholt Rail was sold to CK Investments (CKI). Eversholt owns 28pc of Britain’s passenger trains and was bought in a deal that will see the current owners receive about £1bn, with CKI taking on £1.5bn of the rolling stock group's debt. The company leases its mainly electrically-powered fleet which comprises about 3,500 vehicles to 11 of Britain’s train operating companies. [From Richard Buckby]
External links
Telegraph
Train owner Eversholt has been sold by 3i, Morgan Stanley and Star Capital to Hong Kong billionaire Li Ka-shing in £2.5bn deal