FOI release

The sale of HS1 Limited

Response to a request for information about the sale of HS1 Limited to a consortium.


The sale of HS1 Limited

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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
Published 14 March 2011