Date: 30/05/2010
First Group, seeking to pay down debt, has appointed KPMG to look for buyers for GB Railfreight, the company's freight operating unit. First Group acquired GBRf in 2003 as part of its takeover of GB Railways, but the freight unit remains an anomaly in the company's otherwise passenger-only portfolio. Freightliner, French state railway SNCF and Channel Tunnel operator Eurotunnel have all been touted as potential buyers. [Modern Railways]
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Tags: x First Group x GB Railfreight