[LDN] 仲有幾耐 ?

to KMB3asv3:

Bloomberg is not precise; they quoted the press release from Stagecoach. but the press release itself  was not 100% accurate.
Stagecoach operates legaly as s collection of different registered companies, each of which holds an operating licence to operate buses. Each company 'owns' buses assigned to it, together with any other assets held in the name of this company [such as bus garages].
Therefore, Stagecoach group did not sell 'Stagecoach in London' but, in legal terms 'East London Buses Ltd' and 'Selkent Limited' together with their assets, including buses and garages, and leases on several offices.
For instance, Megabus operation is not included; in legal terms, the buses involved in this operation were 'sold' from East London Buses to 'Stagecoach warwickshire Ltd'.
'Stagecoach in London' was only a trading name and not a legal entity, and included East London buses and Selkent buses alongside certain other companies, which were not sold.

The reason why I wrote this email is not to be pedantic, but to illustrate, in more details, how companies like Stagecoach, First,Arriva and Go Ahead are structured in the UK. such legal structure helps them to manage their operations, ensures that problems with traffic commissioners [First in particluar] are confined to one legal entity and not the entire group, and is useful when the company decided to sell some of their operations.

regards

Yoram