Jan 26, 2022
Watchdog investigates £1.9bn National Express & Stagecoach tie-up
A £1.9bn merger between rival bus groups Stagecoach and National Express has been paused while the competition watchdog investigates the deal. The tie-up, which involves an all-share takeover by National Express, was agreed in December. If the deal went ahead, Stagecoach would sell off its Megabus UK and Falcon South-West coach service operations, as well as its 35% stake in Scottish Citylink bus services. The firms - which were hit hard by falling passenger numbers in the pandemic - say the deal would save the combined company costs of at least £45m each year. The current merger follows a previous attempt to combine in 2009 when National Express rejected a £1.7bn bid from Stagecoach.
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