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To: PaulM who wrote (27430)	1/31/1999 9:21:00 PM
From: goldsnow	Respond to of 116756

JAPANESE MOVING IN ON THE LONDON UNDERGROUND A Japanese investment bank is poised to take over the London underground when shares are sold off by the Government. Nomura International has amassed a £1bn war chest, handled by London, City trader Guy Hands, to bid for the privatisation of public investments. He has teamed the bank with management group Serco, based in Sunbury, south-west London. Serco manages railways, airports and defence systems in 30 countries, including London's Docklands Light Railways. The two groups have set up a partnership called Serco Nomura Infrastructure Management to market itself as a one-stop shop for privatisations, offering big money and financial expertise. The Tube, betting chain Tote, the Royal Mint and even the Post Office could find that they are sold to the highest private bidder in a bid to raise cash for the Government. The Government hopes to attract £7 billion of private investment in the Tube. skynews.co.uk