Council’s plan to sell off share in Cardiff Bus puts buyers on alert

A 40% stake in Cardiff Bus could be sold off

Potential buyers were lining up this week after it emerged that Cardiff Council is considering the sale of a 40% stake in Cardiff Bus, one of the largest of the UK’s few remaining council-owned bus operators.  The sale of a stake in Cardiff Bus, which operates a fleet of 225 vehicles and has an annual turnover of over £20m, follows the recent sales of ChesterBus and Blackburn Transport by their council owners.  All of the UK’s major bus groups are likely to join the...