Eurostar Ownership Moves Towards a Single Entity

29 June 2009 (Last Updated June 29th, 2009 18:30)

Cross-channel train operator Eurostar is expected to undergo a restructure aimed at creating a single entity out of its three current stakeholders. By creating a single operating firm, instead of it being jointly run by Eurostar UK in partnership with French operator SNCF and Belgium's S

Cross-channel train operator Eurostar is expected to undergo a restructure aimed at creating a single entity out of its three current stakeholders.

By creating a single operating firm, instead of it being jointly run by Eurostar UK in partnership with French operator SNCF and Belgium's SNCB, it is hoped that the complex operating structure can be simplified.

The UK may hold a majority share of 40% stake in the new company, it was reported on transportbriefing.co.uk.

Currently, SNCF has 62%, the UK has 33% and SNCB holds the remaining 5% stake in the rail service.