Date: 17/08/2019
Indignant residents of the Mallorcan town of Soller have said their railway is not for sale after a group of investors launched a hostile takeover bid. The town has been linked to the capital, Palma, with a picturesque narrow-gauge railway since 1912. The train, with its wooden carriages, has been in continuous use ever since, climbing 200 metres and passing through 13 tunnels on its 27km journey. Money for building the line was raised among the towns residents, and to this day most of the 172,000 shares in the private company Ferrocarril de Soller are owned by about 800 local people, many of whom hold as few as 10 shares each.
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Guardian
Anonymous investors have launched a hostile 25m bid for Sllers locally owned heritage train link to Palma
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