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Goldman Sachs, Wellcome Trust jointly bid for Network Rail's commercial property estate

Published 03/21/2018, 07:34 AM
Updated 03/21/2018, 07:40 AM
© Reuters. A Goldman Sachs sign is displayed inside the company's post on the floor of the NYSE in New York
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LONDON (Reuters) - Goldman Sachs (NYSE:GS) and the Wellcome Trust have jointly bid to buy the commercial property estate of Britain's Network Rail, a spokeswoman for the Wellcome Trust said on Wednesday.

The U.S. investment bank and the British medical charity have together tabled a 1.2 billion pound ($1.7 billion) bid for about 5,500 premises currently owned by National Rail, the British state-back entity which is independently run, Sky News reported.

"Wellcome Trust and Goldman Sachs have submitted a non-binding indicative offer for the commercial estate of Network Rail," a spokeswoman for Wellcome Trust said in an emailed statement.

Goldman Sachs was not immediately available for comment when contacted by Reuters.

© Reuters. A Goldman Sachs sign is displayed inside the company's post on the floor of the NYSE in New York

($1 = 0.7112 pounds)

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