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Post by gooderson1 on Oct 8, 2019 16:17:57 GMT 1
Oh dear. Where does the money come from for such a purchase. There is,I believe, no legislation to allow WYCA to take over the companies without paying the market price. There are two options 1) borrow the money and repay over a number of years with interest added or 2) use public money collected through rates. Either way the man in the street pays. Given that First and Arriva's standard of operation could never be classed as 100% do WYCA really think they could do better. And finally if they "take over" those two operators what will they do with the other operators running services on behalf of WYCA (South Pennine, TLC etc). Will WYCA allow them to continue to run them rather than the service being operated by WYCA owned company. I think not.
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Post by deerfold on Oct 8, 2019 16:49:33 GMT 1
I have been told that a Morley councillor says (on Facebook) that the West Yorkshire Combined Authority is set to buy First and Arriva (presumably the West Yorkshire parts of these companies). My statement is unconfirmed. I'd be surprised if they had the money to do that.
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Post by dennisthemenace504 on Oct 8, 2019 19:44:44 GMT 1
I have been told that a Morley councillor says (on Facebook) that the West Yorkshire Combined Authority is set to buy First and Arriva (presumably the West Yorkshire parts of these companies). My statement is unconfirmed. Slightly off the First sale, DB, the owner of Arriva, released a statement after the Stagecoach rumours of them wanting to buy Arriva, that the sale of Arriva is ALL or NOTHING and they want €3.9 billion. Where's Metro going to get €3.9 billion from? 😂😂
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Post by dwarfer1979 on Oct 9, 2019 8:50:57 GMT 1
I have been told that a Morley councillor says (on Facebook) that the West Yorkshire Combined Authority is set to buy First and Arriva (presumably the West Yorkshire parts of these companies). My statement is unconfirmed. I'd be surprised if they had the money to do that. UK legislation currently prevents councils from setting up new municipals so this appears to prevent them from buying First West Yorkshire even if they could find the money, the Scottish Assembly is looking to change the law north of the border to allow their councils to buy back some of the First operations there but nothing has happened yet and it isn't even on the radar in England yet. This has been a bugbear of the more vocal councils for a while and has been repeatedly raised but until something changes in law you won't see councils buying and running bus companies as they did before privatisation. As others have said Arriva isn't for sale as pieces anyway and will be sold as a single global whole (Arriva, I think, includes all non-German operations owned by DB across Europe not just the UK operations, I suspect the European operations are now larger than the UK ones which is one reason they are investigating floating the business on the Dutch Stock Exchange not the London one) which a UK council couldn't get past anyone even if they could raise the money (which is never going to happen).
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