Mobico revenue rises 5% ahead of £24m bus sale

Mobico Group's second-quarter trading update has confirmed its agreed sale of UK Bus, its West Midlands bus operations, to the West Midlands Combined Authority remains on track to complete in November, after the deal was first agreed last month.

The £24m deal covers Mobico's depots and diesel fleet, built up over roughly 40 years running the majority of urban bus services in and around the West Midlands.

The business currently operates around 1,400 buses, carrying 120 million passenger... You can carry on reading TheBusinessDesk.com 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...