BusinessCompany NewsBig Five jockey for Railtrack position

Big Five jockey for Railtrack position

PricewaterhouseCoopers and KPMG are aiding leading banks in a bid to become the first financial adviser of the new railways structure.

PwC has teamed up with UBS Warburg, while KPMG and the Royal Bank of Scotland have joined Merrill Lynch’s team. Goldman Sachs is bidding on its own.

The three banks put forward their bids last week to a select group of Treasury and Transport department officials.

The winning bidder of the new company to replace Railtrack is expected to be announced this week.

Links

Byers risks E&Y challenge

E&Y faces ‘collaborative’ Railtrack bid

Ex-Tory minister slams Railtrack saga

For & Against: Putting Railtrack into receivership

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