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Ownership & Structure

Eurostar train pulling into a station
  • Eurostar was owned, when launched, by SNCF, SNCB and British Rail. Prior to the UK rail privatisation, a subsidiary, European Passenger Services (EPS), was created which included British Rail's interest in Eurostar. In June 1996, this was sold to London & Continental Railways (LCR). In October 1996, LCR changed the name to Eurostar UK Ltd (EUKL).
  • EUKL, SNCF and SNCB are each responsible for the running of Eurostar services on their own territory.
  • In 1998, LCR awarded to InterCapital and Regional Rail Ltd (ICRR) a management contract to manage EUKL until 2010. ICRR is a consortium comprising the National Express Group (40% shareholding), SNCF (35% shareholding) SNCB (15% shareholding) and British Airways (10% shareholding). BA is a sleeping partner.
  • In September 1999, Eurostar Group, a unified management structure, was established to drive some of the commercial direction and strategy of the business. The three railways are each represented on the Board of Eurostar Group.
  • Eurostar now has a single unified management team, which has implemented one commercial and one operational strategy across the whole company in the UK, France and Belgium.

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