London - The British government has agreed to sell its 40% stake in the Eurostar International rail operator for £757m to British and Canadian-based buyers.
The governemnt said the price of £585m from a consortium of Canada's Caisse de depot et placement du Quebec (CDPQ) and British asset management firm Hermes Infrastructure exceeded its expectations when the stake was offered for sale in October.
Eurostar has agreed to pay an additional £172m to redeem the government's preferential share rights, the Treasury said.