Thu, 21 Oct 2010 | ADMINISTRATION
Transport giant Stagecoach has bought back its London bus operation four years after it sold it to Macquarie Bank.
Stagecoach scooped £264 million from the sale of East London Bus Group in 2006 and has just snapped it back up for £52.8 million after it fell into administration.
East London Bus group is the third largest operator in the capital, with 15 per cent of the market and runs 1,400 buses from ten depots.
Stagecoach chief executive Brian Souter believes they can turn around the underperforming business and cut back-office costs.
Serving blue-chip data management and security technology clients across the globe, this disruptive software development company provides tools and services to assess, repair, and recover, and migrate enterprise backup products.
Operating internationally, the company delivers tailored electrical distribution and control solutions to public and private sector clients across a wide range of industries.
This substantial 43-bedroom urban hotel, situated just 5 miles from Newcastle city centre, offers an exceptional investment opportunity with its prime trading location and extensive public areas, including a popular bar and refurbished function room.
FREEHOLD
|
13
|
|
Aug
|
Activ8 Energies acquires UK solar company LCE | BUSINESS SALE
Irish solar panel provider Activ8 Energies has acquired Low ...
|
13
|
|
Aug
|
Inveraray hotel acquired out of administration in £3m deal | COMMERCIAL PROPERTY
The George Hotel, a 24-bedroom boutique hotel in Inveraray, ...
|
13
|
|
Aug
|
Pole Star Global acquires maritime risk intelligence firm | BUSINESS SALE
Maritime intelligence solutions provider Pole Star Global ha...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.