Like most websites Modern Railways uses cookies. We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Modern Railways website. However, if you would like to, you can change your cookie settings at any time. Find out more

Continue

Abellio completes Mitsui sale

 

Abellio has completed the sale of a 40% stake in the Greater Anglia to Japanese firm Mitsui.

The company announced in January that it intended to sell the stake, subject to approval from the Department for Transport, which has now been received. Abellio will continue to have a majority stake in the business and will retain overall control, while Mitsui ‘will have a presence on the board and bring its experience of operating in numerous different sectors to the franchise’.

Abellio says the move fulfils a long-standing objective ‘of running the franchise in a 60:40 joint venture’. The company had originally been shortlisted to bid for the franchise, which began in October 2016, in a 60:40 joint venture with Stagecoach until that company pulled out of the deal, leaving Abellio to bid alone.

Posted in News

NEVER MISS AN ISSUE...

Our Instant Issue Service sends you an email whenever a new issue of Modern Railways is out. SAVE ON QUEUES - FREE P&P