Re: National Rail Corp

[Don Allitt <nahgfa@zeta.org.au>]

It could be a reverse take over as Freighcorp are steadily losing traffic to NRC.
Don.

Bob wrote:

> Many senior people in freightcorp are talking about "when they take over NRC" these days. My
> understanding is that Freightcorp are now allowed to bid after recent changes to the "rules".
> I'm told that Freightcorp are looking for a partner to go in with them on a 50/50 arrangement.
> If you consider that NSW already owns 40% of NRC it would not be unrealistic to see another 10%
> sold to freightcorp under such a proposal.
> Cheers
> Bob
>
> Maurie Daly wrote:
>
> > In article <37D5081D.EA30DCD3@hotkey.net.au> Greg Triplett <triplett@hotkey.net.au> writes:
> > >From: Greg Triplett <triplett@hotkey.net.au>
> > >Subject: National Rail Corp
> > >Date: Tue, 07 Sep 1999 22:42:05 +1000
> >
> > >Hi Folks,
> >
> > >Perhaps someone can advise me.
> >
> > >A while back I heard that the Federal Gov't was planning to
> > >sell the NRC. Is this still the case ? If so what is the
> > >current state of play and who are the bidders ?
> >
> > >Regards
> >
> > >Greg Triplett
> >
> > The sale is still on , delayed up until now by having to get the agreement of
> > all the shareholders, but I beleive there is still some dispute about who will
> > be allowed to bid , in that the NSW and Vic Govts dont want other Govt bidders.
> > I understand that Qrail were going to be a bidder.
> > Toll Rail is also interested.
> > The sale is supposed to be completed by the end of this year.
> >
> > MD