Investment bank NM Rothschild has been brought in by Metronet administrator Ernst & Young to do a valuation of the London Underground maintenance company that collapsed after its costs ran £2bn over budget.
Administrator Alan Bloom is currently trying to get an auction going for the business, which is owned by WS Atkins, Balfour Beatty, Bombardier, EDF Energy and Thames Water.
According to The Times, only Transport for London, the parent of London Underground, has lodged a formal expression of interest in Metronet's two operating companies.
Further reading:
Metronet workers turn on administrators
Comments
Have your say on this article