Will Stagecoach and NEG form new super-group?

NEG’s future needs to be resolved quickly

Brian Souter

The Spanish have given up and the Scots have moved in. October saw Spain’s Cosmen family and its CVC Partners consortium drop its £765m bid for National Express Group. Soon after the troubled group revealed that it had received a “highly preliminary” £1.7bn merger proposal from Perth-based Stagecoach. The proposal would see NEG shareholders hold no more than 40% of the enlarged group.

Stagecoach chief executive Brian Souter is clearly very keen to get his hands on...

Add a comment

Join TransportXtra subscribers and read this article in full...

30 days	90 days Save 50%	1 Year Save 75%
£30	£60	£90
+£6 VAT	+£12 VAT	+£18 VAT
Add to basket	Add to basket	Add to basket
An online subscription to TransportXtra works out at less than 24p per day for all the latest issues and transport intelligence

 

New Transit individual subscriptions

Widely read by rail, light rail and bus operators, local and central governments, the city, consultants and suppliers, New Transit delivers comprehensive passenger transport analysis and comment.

New Transit magazine is published by Contact Plus 24 Limited. Please subscribe via their dedicated website.

Not ready to subscribe? Take a 2 week free trial