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type Press release
note For full source see related document
The Group has 40% of a joint venture with Abellio, which is shortlisted to bid for a new East Anglia rail franchise.
We have been unable to reach an agreement with Abellio on elements of the proposed bid. As a result of that, and taking account of the other rail bidding opportunities that we anticipate over the next two years, we have decided not to proceed with an equity participation in the bid for the new East Anglia franchise.
We have confirmed to Abellio our commitment to provide support and advice to the franchise if Abellio’s bid is successful.
Railhub Archive ::: 2015-12-09 STG-001