HSBC Rail sale starting to roll?

25/02/2010

The previously rumoured sale of HSBC Rail is thought by some to have started rolling with the process of sending out information to potential bidders. A possible schedule could see expressions of interest late in March, and final offers a month after that. The infrastructure funds of Macquarie Group Ltd. and JPMorgan Chase & Co. have linked up to bid, as well as Star Capital Partners Ltd. who are also said to be interested. Star Capital Partners, headed by CEO Tony Mallin (pictured), states on its website that it has up to €1 billion to invest. Financial investors seem the likeliest buyers for HSBC Rail, which could raise £2 billion.

Back