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Bus News: Issue Issue 02 29 Jul 2009

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Go Ahead becomes capital's largest bus operator with deal to buy East Thames

Andrew Garnett

Transport for London has ended weeks of industry speculation with the news that it is to sell East Thames Buses, its arms-length bus operation, to Go Ahead subsidiary London General.

The deal will make Go Ahead the capital's largest bus operator, with a market share now just ahead of Arriva at 21%.

The group will acquire the business for a total cash consideration of £5m, with the transaction due to be completed by September 5.

TfL said the decision to move East Thames to the private...

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