Hermes buys Eurostar ticket

Hermes, along with a number of other investors including Canada’s Caisse de depot et placement du Quebec (CDPQ), has acquired the UK government’s 40% stake in Eurostar.

CDPQ and Hermes are to own 30% and 10% respectively of Eurostar with the French and Belgian railway companies, SNCF and SNCB, retaining their existing stakes of 55% and 10%. Hermes head of infrastructure, Peter Hofbauer, said: “Eurostar is a high quality asset providing a direct link between the UK and Europe that has historically offered attractive investment characteristics, including long-term stable and predictable cash flows. We look forward to creating a long-term partnership with SNCF and SNCB and other key stakeholders in relation to this important investment.”