Westlb bids to finance Railtrack - papers 12 October

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There may be good news on the horizon again for Railtrack shareholders, according to this morning's ...

There may be good news on the horizon again for Railtrack shareholders, according to this morning's FT, as the UK government is considering approaches from City banks about raising billions to finance the railways, including one that could lead to a takeover bid for the network. According to senior officials, the transport department had a preliminary approach to buy Railtrack after Ernst & Young was appointed administrator to the company on Sunday. The government has announced plans to replace Railtrack with a not-for-profit company, but is said to be considering the bid approach. ...

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