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Railtrack to sell assets.
Byline: Peter Moreira in London
Railtrack Group plc, the company that owns Britain's rail network, moved closer to emerging from receivership Thursday, June 27, when it agreed to sell assets to two groups for a total of about pound sterling8.5 billion ($13 billion) in cash and assumed debt.
Railtrack, which owns Britain's rail networks but does not operate trains, had received bids from the government-backed Network Rail Ltd. for the existing rail network and from London & Continental Railways Ltd. for an interest in the Channel Tunnel rail link.
In October, then-Transport Secretary Stephen Byers placed Railtrack plc -- the part of Railtrack Group …
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