Each franchise (as Luas is) normally consists of a dedicated company for that single purpose owned by the parent
So there are a few choices.
1) Veoila retain it as it is profitable
2) Sell it on its own with possible management buy out
3) Sell all Irish/UK transport holdings as a unit
The reality is no change to Luas services at any point. The contract is still there. Had metro north gone ahead the winning bidder would probably be first in the queue for a trade sale pitch to consolidate
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