CITY BRIEFS: Rotala, Castings, WS Atkins

Rotala in successful share placing

BIRMINGHAM based transport group Rotala has raised almost £500,000 through a successful share placing. The company, which operates Flights Coaches and a number of bus services, will use the £461,446 to repay the first tranche of a bridging loan taken out to fund the acquisition of Preston Bus Ltd. Rotala took over PBL in a £3.2m deal from transport rival Stagecoach last month after it put the bus firm up for sale following an investigation by the Competition Commission. The new shares represent... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...