Today news
About the same in other media
FirstGroup announces £125m sale of its Greyhound bus service in the US
Reading now: 992
FirstGroup has announced the sale of its Greyhound bus service in the US to become fully focused on UK transport, as its Lumo train service operated its inaugural journey from London to Scotland.
The long-established North American intercity coach business will be sold to the German operator FlixMobility for $172m (£125m), in a deal that will see FirstGroup temporarily retain the depots and terminals, as well as pension liabilities – in effect offloading Greyhound for a net loss of $19m.
FirstGroup said the losses would be offset by the profits from its recent sales of its First Transit and First Student bus businesses in the US, after it decided to pull out of the North American market.
The chairman and acting chief executive, David Martin,
Read more on theguardian.comAbout this in other media
FCA loses 49 staff from its supervision and enforcement teams fnlondon.com /2 years ago
Could Paraguay’s Bitcoin mining foray prove detrimental to its energy needs ambcrypto.com /2 years ago
‘Skimpflation’: frustration as US firms skimp on service as prices rise theguardian.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
