TWO European rail giants are vying to take over Chiltern Railways, the train company that runs commuter and long-distance services from Londons Marylebone station.
Deutsche Bahn, Germanys national rail company, and NedRail, its Dutch equivalent, are the sole remaining bidders for the UK group. A winner is likely to be announced before Christmas.
Chiltern has been put up for sale by funds controlled by Henderson, the fund-management company. Henderson acquired Chiltern last year when it bought Laing, Chilterns parent company, for £950m. KPMG is running the auction.
Chiltern, unusually for a train company, also operates its terminus station, Marylebone, and runs north and west along the M40 corridor from London as far as Birmingham.
Awarded the franchise in 1996 on the break-up of British Rail, it is regarded as one of the successes of rail privatisation. It has earned a good reputation for customer service and invested in extra rail lines to increase capacity.
http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article3021314.ece
Deutsche Bahn, Germanys national rail company, and NedRail, its Dutch equivalent, are the sole remaining bidders for the UK group. A winner is likely to be announced before Christmas.
Chiltern has been put up for sale by funds controlled by Henderson, the fund-management company. Henderson acquired Chiltern last year when it bought Laing, Chilterns parent company, for £950m. KPMG is running the auction.
Chiltern, unusually for a train company, also operates its terminus station, Marylebone, and runs north and west along the M40 corridor from London as far as Birmingham.
Awarded the franchise in 1996 on the break-up of British Rail, it is regarded as one of the successes of rail privatisation. It has earned a good reputation for customer service and invested in extra rail lines to increase capacity.
http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article3021314.ece