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Bus News: Issue 302 12 Jan 2007

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Acquisitions, Bus, Coach, Arriva, National Express, Other, Europe

NEG bid for Spanish bus operator fails

National express has lost out in a bid to acquire Spain’s largest urban bus operator.

The group entered the Spanish market in 2005 with the £262m purchase of Alsa, Spain’s largest private coach operator. It sought to expand its interests with a bid for Avanza, the country’s largest urban bus operator and second largest coach operator. However, Avanza’s family owners have sold the company to Doughty Hanson & Co, one of Europe’s largest private equity...

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