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Wednesday 23 November, 2011

Transport For London

Acquisition of CARE and WARE

RNS Number : 6600S
Transport For London
23 November 2011

Announcement to London Stock Exchange



Transport for London (TfL)

23 November 2011


Re: Acquisition and Financial Restructuring of City Airport Rail Enterprises PLC ("CARE") and of Woolwich Arsenal Rail Enterprises Limited ("WARE")

TfL announces that: (1) it has acquired the entire issued share capital and shareholder loan notes of City Airport Rail Enterprises (Holdings) Limited and Woolwich Arsenal Rail Enterprises (Holdings) Limited and their respective subsidiaries CARE and WARE, the companies responsible for constructing and maintaining the London City Airport and Woolwich Arsenal branches of the Docklands Light Railway, and (2) it intends to restructure the long term bank debt obligations of CARE and WARE.



For further information, please contact:


Transport for London

17th Floor, Windsor House

42-50 Victoria Street

London SW1H 0TL



This information is provided by RNS
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