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Showing results for Rosco A. Spraglin
...Industry executives and analysts said nationalising the roscos would have been a far more expensive and complex challenge than the train operators....
...Roscos paid £409.7mn in dividends to shareholders in the financial year ending in March 2023, according to the rail industry regulator, at a time when the rest of the rail industry has struggled financially...
...Rolling-stock leasing companies, or Roscos — which are owned by financial investors and were set up to supply new trains to the UK railway following privatisation in the 1990s — will remain....
...Rolling stock companies, or roscos, operate out of sight of passengers but are the financial backbone of the rail industry, and have spent the past 30 years buying passenger trains and leasing them to privatised...
...But if hybrid working remains the norm, a big fleet would still be needed midweek. Again, Roscos do not appear unduly profitable....
...Production, Rosco Productions...
...All four businesses were sold at a substantial discount to their true value....
...The 379s are victims of a surge in new train orders — a trend that is putting rolling-stock leasing companies, or Roscos, at risk. In the UK, Roscos own 92 per cent of existing trains....
...No bids were received for Rosco, the Greek rolling stock company, which was also up for sale, the same officials said....
...Russia’s state railways group RZD has officially expressed interest in buying the Greek railways operator TrainOSE and the rolling stock company Rosco which are due to be privatised this year....
...The DfT has long believed Roscos offered poor value for money and in 2007 asked the competition authorities to investigate aspects of their operation....
...Three large Roscos – Angel Trains, now owned by a German-led consortium; Porterbrook Leasing, owned by a consortium including Lloyds Banking Group and Deutsche Bank; and HSBC Rail, part of the banking group...
...The report exonerated the roscos of misusing their market position, concentrating its recommendations on government rail policy....
...Australian-listed infrastructure fund Babcock & Brown, which was bidding separately, has teamed up with a consortium of US insurer AIG and Deutsche Bank in the bid for Angel....
...Then the government sold the three Roscos for what turned out to be a song – £1.8bn – with the three companies that bought them selling them on within two years for a total profit of about £850m....
...The hardest-hit companies, if the commission takes action, would be the three Roscos, which own nearly all Britain’s passenger and freight trains....
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