Mobico to sell regional bus operator for £24m
Mobico shares were 0.4% higher at 26.5p in early trading.
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Summary
The proposed sale of UK Bus, which runs around 1,400 business across the West Midlands, comes after the local authority last year approved plans to shift from deregulated bus services to a local franchising model by the end of 2029. Mobico said the UK Bus business is valued at around £102 million in total, primarily through its depots in the region and fleet of diesel vehicles.
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The proposed sale of UK Bus, which runs around 1,400 business across the West Midlands, comes after the local authority last year approved plans to shift from deregulated bus services to a local franchising model by the end of 2029.
according to The Independent +1Mobico said the UK Bus business is valued at around £102 million in total, primarily through its depots in the region and fleet of diesel vehicles.
according to The Independent +1
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