LONDON — Bank of America Corp. is considering a bid for the failed British rail network operator Railtrack Plc, the Observer newspaper said, quoting unnamed senior sources at the bank, a wire service reports.
The North Carolina-based bank is interested in buying all or parts of Railtrack, which was forced into administration by the British government in October, the Sunday paper said in an edition available late on Saturday. Bank of America officials were unavailable for comment.
German bank West LB and U.S.-based investment bank Babcock & Brown have already approached the British government about the future of Railtrack.