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Secretary of State for Transport, Sir George Young, today confirmed that the sale of the first of the three passenger rolling stock leasing companies had been completed. Porterbrook Leasing Company Limited has been sold to Porterbrook Leasing Company MEBO Limited.
Notes to Editors
1.Contracts for the sale of the three companies - Porterbrook, Angel and Eversholt were announced on 9 November 1995 (see Department of Transport Press Notice 360 for details).
2.Sale completion for the remaining two rolling stock leasing companies - Angel and Eversholt - is expected during the week commencing 15 January.
