Preston Bus surrenders fight and opens sale talks with Stagecoach

By Andrew Garnett
09 January 2009
120 Preston Bus staff to reap sale windfall
120 Preston Bus staff to reap sale windfall

 

It has been revealed that employee-owned operator Preston Bus is in advanced talks with Stagecoach to sell the business in a rumoured £6m deal.

The move comes just 18 months after the Perth-based group launched a competitive assault against Preston Bus. That led to questions in Parliament and a behind-closed-doors deal between the two sides to halt a potentially explosive public inquiry into the bus war that was convened by north west traffic commissioner Beverley Bell.

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