The German insurance giant Allianz is set to make a £2bn bid for the Channel Tunnel rail link, a prized piece of UK infrastructure that is expected to be privatised.
Allianz is just one of a number of groups that is planning a bid for the 68-mile stretch of railway from London to Folkestone, Kent. Abu Dhabi Investment Authority and Hong Kong-based CKI are understood to have formed other consortia, as has Eurotunnel.
A successful bid from Allianz would mark a continuation of German interest in British infrastructure. Earlier this year, Deutsche Bahn paid £1.6bn to buy the bus and rail group Arriva. Deutsche Post is also seen as an early favourite in the race to buy Royal Mail when it is privatised.