Virgin Group looks to raise £700mn to fund Eurostar rival

The Independent

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Virgin looks to raise £700m to fund Eurostar rival

The ambitious project seeks to connect London with Paris and Brussels, eventually extending to Amsterdam

Le Figaro

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The English businessman is preparing a fundraiser to finance his project to create a railway line from London. If it emerges, it will link the English capital to Paris, Brussels and Amsterdam and come directly to compete with Eurostar.

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Virgin Group aims to raise $900 million to fund Eurostar rival, FT reports

(Reuters) – British billionaire Richard Branson’s Virgin Group aims to raise 700 million pounds ($900 million) to fund its bid to launch cross-channel rail services to compete with Eurostar, the Financial Times reported on Sunday. Virgin Group intends to raise 300 million pounds in equity and 400 million pounds in debt and plans to be a cornerstone equity investor in the project, the company told the newspaper. Virgin did not immediately respond…

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Virgin Group Looks to Raise £700M to Fund Eurostar Rival, FT Says

Virgin Group is looking to raise £700 million to fund its bid to launch a new cross-channel rail service to compete with Eurostar, the Financial Times reports.

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Virgin Group looks to raise £700mn to fund Eurostar rival

Richard Branson’s group is one of several planning a new cross-Channel service

Time News

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Virgin to Challenge Eurostar with £700 Million Investment by 2029

Virgin’s Ambitious Bid to Revolutionize Rail Travel: A New Era for Eurostar? Table of Contents Virgin’s… The post Virgin to Challenge Eurostar with £700 Million Investment by 2029 appeared first on TIme News.