The Cosmen make a killing with the UK local bus
Mobico vende el negocio UK Bus a la autoridad local de West Midlands. Alsa gana cada vez más peso en la estructura del operador británico. Leer
Mobico has sold its UK Bus business to West Midlands Combined Authority (WMCA) for 24 million pounds, as part of its plan to reduce debt and generate cash. The deal, worth 102 million pounds in assets, includes bus depots and a diesel bus fleet, with 6.5 million pounds in cash reserved for operational purposes. The sale will reduce Mobico's debt by 78 million pounds and includes a deferred payment of 5.5 million pounds.
The UK Bus business, which served the West Midlands region, including Birmingham, Coventry, and Wolverhampton, generated 338 million pounds in revenue and an adjusted operating profit of 2 million pounds in the last year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
