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1998-06-22 OPR-001
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Proposed investment in Virgin Rail by Stagecoach - statement from the Franchising Director


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OPRAF

Proposed investment in Virgin Rail by Stagecoach - statement from the Franchising Director
_______________________________________________________________


date
22 June 1998
source OPRAF
type Press release



Commenting on the proposed investment, announced to the Stock Exchange
this morning, John O' Brien, the Franchising Director, said:-

"The statement released by Stagecoach and Virgin indicates that the
proposed change in shareholding, with Stagecoach taking a 49% interest in
Virgin Rail, requires my approval.

" I will therefore be having talks with both parties to understand the
implications of the proposed deal.

" Above all, I shall need to be convinced that the proposed deal is in the best
interests of passengers in deciding whether or not to give my approval" .


Railhub Archive ::: 1998-06-22 OPR-001





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