Eurotunnel buys rail freight firm

Channel Tunnel operator Eurotunnel snapped up the UK’s third biggest rail freight firm in a £31m deal today.

Eurotunnel buys rail freight firm
Tue, 01 Jun, 2010 - 12:45

Channel Tunnel operator Eurotunnel snapped up the UK’s third biggest rail freight firm in a £31m deal today.

Eurotunnel’s move for GB Railfreight – which has been owned by transport firm FirstGroup since 2003 – comes as the firm looks to improve rail freight volumes through the Chunnel, which suffered in the recession.

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CourtsBusinessHeathrowPlace: UKPlace: GermanyPerson: Jacques GounonOrganisation: EurotunnelOrganisation: Channel TunnelOrganisation: GB RailfreightOrganisation: FirstGroupOrganisation: ChunnelOrganisation: Deutsche BahnOrganisation: EWS
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