Months of industry speculation has been confirmed with the news that Australian investment bank Macquarie has put its London bus business up for sale.
A spokesman for the East London Bus Group confirmed to TransportXtra this morning (Wednesday) that the company's board had met and made the decision to investigate options for selling the business.
He added that it was the start of the process and that it would be two to three months before any further developments.
ELBG comprises the former...
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