FirstGroup is likely to make an announcement next month on the bus subsidiaries it is to sell to raise cash. FirstGroup’s attempt to sell its North Devon operations to rival Stagecoach was thwarted this summer after the Office of Fair Trading announced it was referring the sale to the Competition Commission because of concerns the sale would reduce competition. But Giles Fearnley, FirstGroup’s managing director of UK?Bus, told LTT he didn’t anticipate the next sales attracting...
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