Sale of the government's 40% stake in Eurostar for £757.1m in March represented value for money and was well managed according to the National Audit Office. But the NAO also noted that the proceeds fell far short of the £3bn of taxpayers' money invested in the project.
The 40% stake was acquired by the Anglo-Canadian investment consortium, Patina Rail Ltd, for £585.1m, and was higher than the government's own valuation of £305m; Eurostar paid £172m to redeem the UK...
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