June saw Australian banking giant Macquarie finally admit defeat and reveal that it was putting its London bus operation up for sale. And it’s likely that the firm will take a significant hit on the £263.3m that it shelled out to acquire the East London Bus Group business from Stagecoach in the summer of 2006 - at a time when private equity was jumping on infrastructure assets and paying big bucks to get them.
It’s been a tricky few years for ELBG. Earlier this year Nigel...
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