Private equity firms among bidders for Network Rail property business
Blackstone and Terra Firma understood to be tabling bids in sale that campaigners claim will leave ‘gaping hole’ in infrastructure budget
Private equity firms, including Guy Hands’ Terra Firma, have emerged as contenders to take over Network Rail’s commercial property business, fuelling further dismay over the forced sale of assets to fund the budget shortfall.
The US investment giant Blackstone is understood to be another bidder for the rail property arm, which includes about 5,500 premises across England and Wales and is estimated to be worth £1.2bn.
Source: Guardian Transport