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Article: British Railways and Sea Containers to sell Sealink to British Ferries Ltd.
- Article from:
- PR Newswire
- Article date:
- July 18, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, July 18 /PRNewswire/ -- The British Railways Board and Sea Containers, Ltd. today signed a contract to sell Sealink UK Ltd. to a newly formed wholly-owned U.K. subsidiary of Sea Containers Ltd., British Ferries Ltd. The purchase price is 66 million pounds, to be paid in cash. Completion is scheduled for July 27, 1984. Morgan Grenfell and Company Ltd. represented the sellers. The funds are primarily being supplied by a syndicate of banks led by the First National Bank of Boston.
Sealink UK is the premier British ferry company, operating 37 ships over 24 routes and owning 10 harbors. Sea Containers Ltd. is a lessor of marine container assets, owning ...