DML44091 First London
Taken on the 08/04/2013 on Route 228 at White City.
Today First group PLC have announced the sale of 8 London Depots. 5 to Metroline and 3 to Transit Systems Group, an Australian transport company. Combined they expect to get £80 million.
The bus depots at Alperton, Greenford, Hayes, Uxbridge and Willesden Junction, along with 494 vehicles and approximately 1,700 employees, will transfer to Metroline on completion of the sale for a gross consideration of £57.5m. Metroline is an existing London bus operator and wholly-owned subsidiary of Comfort DelGro Corporation Limited, a Singapore-incorporated transportation company.
The bus depots at Atlas Road, Lea Interchange and Westbourne Park, along with approximately 400 vehicles and 1,500 employees, will transfer to Transit Systems Group, an Australian transport operator, on completion of the sale for a gross consideration of £21.3m. www.transitsystems.com.au/articles/315-australian-public-...
This leaves Dagenham garage which is managed as part of First's London Region, and remain part of First's UK Bus Division and are not included in the sales, First Berkshire is also operated by the First's UK Bus Division.
www.thisismoney.co.uk/money/markets/article-2306216/First...
DML44091 First London
Taken on the 08/04/2013 on Route 228 at White City.
Today First group PLC have announced the sale of 8 London Depots. 5 to Metroline and 3 to Transit Systems Group, an Australian transport company. Combined they expect to get £80 million.
The bus depots at Alperton, Greenford, Hayes, Uxbridge and Willesden Junction, along with 494 vehicles and approximately 1,700 employees, will transfer to Metroline on completion of the sale for a gross consideration of £57.5m. Metroline is an existing London bus operator and wholly-owned subsidiary of Comfort DelGro Corporation Limited, a Singapore-incorporated transportation company.
The bus depots at Atlas Road, Lea Interchange and Westbourne Park, along with approximately 400 vehicles and 1,500 employees, will transfer to Transit Systems Group, an Australian transport operator, on completion of the sale for a gross consideration of £21.3m. www.transitsystems.com.au/articles/315-australian-public-...
This leaves Dagenham garage which is managed as part of First's London Region, and remain part of First's UK Bus Division and are not included in the sales, First Berkshire is also operated by the First's UK Bus Division.
www.thisismoney.co.uk/money/markets/article-2306216/First...