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Stagecoach buys into Virgin Rail
By Railway Gazette International1998-08-01T10:00:00
BRITAIN’s Virgin Group has abandoned its planned flotation of Virgin Rail in favour of a partnership with Stagecoach Holdings. Under a deal announced on June 22, Stagecoach will pay £138m for the 59% venture capital equity interests in Virgin Rail, and a further £20m for loan stock at par. It ...
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