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Response to a Freedom of Information request about the sale of HS1 Limited to a consortium comprising Borealis Infrastructure and Ontario Teachers’ Pension Plan. The requester also asked for information about:
the agreement for the sale and purchase of shares in HS1 Limited and CTRL (UK) Limited
the calculation of the value of HS1 Limited submitted by the purchaser
the agreements entered into or proposed to be entered into by the Secretary of State for Transport in respect of HS1 Limited
the merits of the bids received, submitted to or held by the Department for Transport
bid letters and related materials received from all bidders by 29 October 2010
feedback given to all bidders following receipt of bids by 29 October 2010
revised bids and materials received from all bidders following feedback
the ‘risk assessment letters’ setting out bidders’ analysis of the merger issues raised by their bids