https://www.thetimes.co.uk/article/goahe...-gp960bcj0
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Train giant Go-Ahead back up for sale a year after takeover
The pension fund behind the operator’s owners Kinetic Group and Globalvia mulls offloading public transport interests
Go-Ahead runs one in four train services in Britain, including Southern and Great Northern
Go-Ahead runs one in four train services in Britain, including Southern and Great Northern
DOMINIC LIPINSKI/PA
Oliver Gill
Saturday February 24 2024, 6.00pm, The Sunday Times
Britain’s biggest train operator is poised to change hands after its owners ordered a strategic review little more than a year after taking it private in a £650 million swoop.
Ontario pension fund OPTrust has hired advisers as it seeks to offload public transport interests including Go-Ahead Group, the former FTSE 250 company that operates the Thameslink, Southern and Great Northern lines. Altogether Go-Ahead runs one in four of Britain’s trains as well as bus routes up and down the country.
Australian transport operator Kinetic and Spanish infrastructure investor Globalvia swooped on Go-Ahead in October 2022. OPTrust co-owns Kinetic and has a 40 per cent stake in Globalvia.
OPTrust has hired investment bankers at RBC and Macquarie to explore a potential sale of its stakes