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Business News

Reubens eye options for Orient Express

The billionaire Reuben brothers have begun talks with United States investor Cohen & Steers over the future of the New York-listed luxury leisure group Orient Express. The investors, who are shareholders in the group that owns upmarket hotels and travel assets including the railway business from which it took its name, believe the $1.9bn (£1.2bn) bid tabled last week by Tata undervalues the group. It is thought the pair are now looking at options including teaming up for a counterbid.