Public Accounts Committee

The Sale of Eurostar inquiry

Inquiry status: open

Report published 20 January 2016. Awaiting Government response.

Scope of the inquiry

The sale of the UK government’s entire financial interest in Eurostar, its 40% stake and preference share, was well run by the government and generated proceeds of £757.1 million. This success is, however, significantly exceeded by UK taxpayers’ investment in the Eurostar train service which amounts to approximately £3 billion. This inquiry examines the general lessons for government from this sale as it embarks on its asset sales programme.

Latest evidence

  • 18 Nov 2015 - Sale of Eurostar - oral evidence | PDF version (PDF295 KB) HC 564 | Published 01 Dec 2015

    Evidence given by Phillip Rutnam, Permanent Secretary, Department for Transport, John Kingman, Second Permanent Secretary, HM Treasury, Mark Russell, Chief Executive, Shareholder Executive, and Roger Lowe, Director, Portfolio in the Shareholder Executive .

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