French-headquartered public transport operator RATP Dev has sold Bournemouth-based Yellow Buses to a management buyout team for an undisclosed sum.
Managing director David Squire, commercial director Simon Newport, and service delivery director Phil Pannell, are now equal shareholders in Bournemouth Transport Limited (BTL), which trades under the names Yellow Buses and Yellow Coaches.
RATP Dev acquired BTL in 2010. In future RATP will focus on its franchised bus operations in London...
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