Two teams of bidders have reportedly made offers for HSBC
Rail.
In the latest development since HSBC announced plans to sell
HSBC Rail earlier this year, CVC Capital Partners and a consortium
of Morgan Stanley Infrastructure, 3i Infrastructure and Star
Capital have now both put in bids according to sources.
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The offers are believed to have been submitted last week and
HSBC is said to be about to sift through them for a preferred
bidder.
The bank’s train unit, which owns about a third of the UK’s
rolling stock, is valued at around £2billion (€2.28billion).
HSBC is not under pressure to sell and will not do so if it does
not receive a high enough offer, it has been reported.
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