摘要: |
With Go-Ahead Group's shareholders set to approve its sale to a Spanish-Australian consortium on August 8, the latest chapter in the story of the privatised UK bus industry has just got a bit longer. One by one, the City-listed PLCs that have dominated the industry for the past 30 years are being snapped up by foreign investors and de-listed from the stock exchange. First there was Stagecoach, acquired for £595million by German-based DWS to add to a substantial but significantly smaller bus business it already owned in Belgium. After rejecting a £1.2billion offer from private equity company I Squared for its UK bus and rail business, FirstGroup left the door open for it to make a better offer. That could leave National Express, already a bit miffed that Stagecoach shareholders preferred DWS's cash to the merger deal it thought would have satisfied everyone, as the last PLC standing. And German state railway Deutsche Bahn may still be keen to offload Arriva if it can negotiate a good deal. |