First considers regional bus break-up

Buses

FirstGroup is preparing to sell its UK bus business as a whole or as three or four geographically-based businesses, company chief executive Matthew Gregory has revealed. 

Updating analysts about the disposal last week, Gregory said: “It’s evident that the most likely way forward is the sale of the business either as a whole or three or four large geographically aligned segments.”

FirstGroup announced the plan to sell the UK bus business this summer as part of a new...

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