Written statement to Parliament

London and Continental Railways

DfT has transferred its 40% stake in Eurostar, held through London and Continental Railways, to Her Majesty’s Treasury.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The Rt Hon Sir Patrick McLoughlin MP

I can today (19 June 2014) inform the House that the Department for Transport has transferred its 40% stake in Eurostar (held through London and Continental Railways to Her Majesty’s Treasury.

This is to address any perceived or actual conflict of interests resulting from the interaction between the government’s stake in Eurostar and the East Coast franchise competition, and in particular any perception of bias arising out of the Secretary of State for Transport’s shareholding in London and Continental Railways.

Published 19 June 2014