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Never mind, it was too dear anyway

18th August 1984, Page 23
18th August 1984
Page 23
Page 23, 18th August 1984 — Never mind, it was too dear anyway
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Which of the following most accurately describes the problem?

NATIONAL Freight consortium regrets that the Sealink consortium, in which it had a 20 per cent interest, failed in its attempt to buy Sealink from British Rail are qualified.

For one thing, the sale was bound up in a cat's cradle of strings that could not be satisfactorily unravelled. For another, the price reported to have been paid by Americanmanaged Sea Containers, of Bermuda was, in the NFC's estimation, well over the odds.

One must assume that the Bermuda company was satisfied with its deal and Sir Peter Thompson, chairman of the NFC, in what I like to think is a typically British sporting gesture, has wished it well.