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Reflections: Issue Issue 03 26 Aug 2009

Has Go Ahead grabbed itself a capital bargain?

It was largely to be expected when last month Transport for London made the decision to sell its in-house bus operator, East Thames to Go Ahead Group for £5m

in cash. To many in the industry it looks like the group has bagged a bargain, especially when compared to the recent £32m fire sale by National Express of its own London bus business to NedRailways.

In the world of a Conservative London mayor, East Thames was something of an anathema. The business was created as a result of...

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