UK Freightliner Group put up for sale, may fetch about 400 mln pounds -WSJ
Nov 13 (Reuters) – Freightliner Group has been placed on sale by its Bahraini owners Arcapita, the Commercial Journal stated citing folks aware of the concern.
The UK rail-freight business, which Arcapita bought in 2008, may fetch as much as 400 million pounds ($630.88 million), the WSJ said. (http://on.wsj.com/1sFMgpS)
Freightliner Team, which was developed as a separate business as component of the privatization of British Rail in 1996, has operations in the Netherlands, Poland as well as Australia, the paper stated.
Arcapita as well as Freightliner Group could possibly not be grabbed remark outside regular business hrs. (1 US buck = 0.6340 British pound) (Reporting by Ankush Sharma in Bangalore; Editing by Lisa Shumaker)
- Freightliner Team
- the Commercial Diary