FirstGroup has revealed more details of its joint ventures with Italian state rail operator Trenitalia to bid for the East Midlands and West Coast Partnership franchises. Mike Gregory, FirstGroup’s chief financial officer, said First had 70% of the equity in each of the ventures. “Clearly these guys are experts in running high-speed services in Italy and we think that’s going to be very complementary to us, particularly around West Coast where you’ve now got HS2...
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