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LONDON (dpa-AFX) - FirstGroup Plc (FGROY.PK), a British multi-national transport group, on Wednesday said it plans to return up to 500 million pounds to its shareholders through a tender offer
German transportation company FlixMobility is buying Greyhound’s bus operations in the U.S. in order to strengthen its position in the country
Provides the strategists, marketers and senior management with the critical information they need to assess the global school and employee bus services...
Aberdeen-headquartered FirstGroup and EQT both declined to comment. FirstGroup announced a year ago it had begun the sale process for the FirstStudent and FirstTransit businesses, following pressure from major shareholder Coast Capital Management to focus on the U.K. The two units reported annual revenues of $3.8 billion, accounting for 60% of group operating profit, in the full year prior to the sale announcement. FirstGroup had also announced the sale of its Greyhound bus business in the United States and Canada in May 2019 but the process stalled amid the coronavirus pandemic and is ongoin...
By Reuters Staff (Adds dropped word ‘to’ in the headline) (Reuters) - British transport operator FirstGroup Plc is selling two North American-based bus units to funds managed by EQT Infrastructure for about $4.6 billion, Sky News reported on Thursday. The deal, which Sky said would be announced on Friday, citing sources, exceeds earlier price expectations and will return millions of pounds to FirstGroup shareholders. Aberdeen-headquartered FirstGroup and EQT both declined to comment. FirstGroup announced a year ago it had begun the sale process for the FirstStudent and FirstTransit busine...