Abellio is to sell 40% of its Greater Anglia rail franchise to Japanese company Mitsui, saying the joint venture will lead to "significant improvements" for passengers.
Abellio said the announcement fulfils its objective of finding a suitablepartner to run Greater Anglia in a 60:40 joint venture.
Dominic Booth, managing director of Abellio, said:
We are delighted to have reached agreement with Mitsui, fulfilling our long-standing objective of running the franchise as a 60:40 joint venture.
Not everyone is happy through. Mick Cash from the RMT Union said
This latest sell-off by Abellio of a chunk of the Greater Anglia franchise to Mitsui shows that the Britain's rail network is up constantly for grabs, making a mockery of the very expensive Department for Transport franchising process.
Abellio won the Greater Anglia franchise again last August, having firstoperated it from February 2012.