FirstGroup - Disposal of GB Railfreight Limited

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Slaughter and May advised FirstGroup plc, the leading transport operator in the UK and North America, on the disposal of GB Railfreight Ltd, a UK rail freight business, to Europorte, a wholly owned subsidiary of Eurotunnel plc, for gross consideration of £31 million.

The disposal was announced on 01 June 2010.

Nigel Boardman (partner), Paul Mudie (associate), Nick Withers (associate), Sarah Glasser (associate); Tax: Graham Airs (partner), Holly Jones (associate); IP: Rob Sumroy (partner), Laura Hillier (associate); Pensions: Jonathan Fenn (partner), Katy Band (associate); Competition: Isabel Taylor (partner), Kelly‑Ann Semper (associate)