Jack
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Post by Jack on Nov 12, 2009 23:12:58 GMT 1
From route one live news feed.
Go-Ahead is preferred bidder for Plymouth
Go-Ahead Group has beaten off competition from Stagecoach to become the preferred bidder for Plymouth CityBus (PCB).
Completion is subject to final due diligence and full council approval, expected at the end of November. Owned by Plymouth City Council, it operates 173 buses and 11 coaches from a large freehold depot in the centre of Plymouth, and carries 14 million passengers a year.
Go-Ahead Chief Executive Keith Ludeman says: “We are very pleased to have been selected as the preferred bidder and are now working closely with Plymouth City Council to complete the deal.
“Plymouth CityBus has an excellent reputation and fits well with our strategy of investing in high quality bus companies in urban areas which then maintain a strong local brand and high degree of autonomy to ensure close links to local customers and other stakeholders.”
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Jack
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Post by Jack on Dec 1, 2009 12:48:51 GMT 1
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Post by MetrolineGA1511 on Jan 14, 2010 1:23:35 GMT 1
Meanwhile on Tuesday the sale of Islwyn Borough Transport to Stagecoach was concluded. Will it be long before the sale of Ipswich Buses to Go-Ahead is confirmed? I think the most up-to-date news article on this is at www.ipswich.gov.uk/site/scripts/news_article.php?newsID=298We will then have just 4 from Reading to Cardiff, another 4 in Cheshire/Lancs, and Nottingham and Lothian. In these latter cases Trandev have involvement due to their stakes in the current or forthcoming tram networks respectively.
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Jack
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Post by Jack on Jan 14, 2010 11:37:54 GMT 1
With Ipswich Buses, only a minority stake is being offered with how much of the company being offered is yet to be discussed.
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