National Express agrees to sell rail franchise in £70m deal

BIRMINGHAM-based transport group, National Express has announced it is to sell its c2c rail franchise to in a deal expected to be worth £70m.

The company said the deal did not mean it was withdrawing from the rail sector but the proceeds from the deal are expected to be ploughed into core areas of the business.

The company said it had reached an agreement in principle for Trenitalia, the passenger rail transportation arm of FS Italiane Group, to acquire the c2c franchise, which operates in the south east.
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