Plans by Caerphilly County Borough Council to sell its arms-length Islwyn Borough Transport bus business to Stagecoach are to be investigated by auditors following a complaint by bus industry entrepreneur Clayton Jones.
Jones says that Stagecoach’s £2.65m offer for the 30-vehicle business undervalues IBT and has called for an open sale to let “the market to determine the value of the asset”. He also says he is now considering a legal challenge to the sal...
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