George Osbourne, the "Thin Controller" to sell off Government stake in Eurostar

Yesterday saw the announcement by George Osbourne, the Chancellor of the Exchequer, that the British Government is open to offers for its 40 per cent stake in Eurostar, the high speed rail company that operates between London and Paris and London and Brussels.

Naturally this has raised concerns from opposition politicians that the scenario that unfolded with the privatisation of Royal Mail in October 2013 will occur again.  Royal Mail's shares were massively oversubscribed and shot up in value more or less immediately, thus resulting in accusations that the British Government had undervalued the business.

Eurostar is part-owned by the British, French and Belgian governments but at this point interested parties are reportedly private equity players and infrastructure funds, as opposed to the existing foreign government shareholders.