[GB] Stagecoach returns to London

After selling their London operations 4 years ago, Stagecoach has reacquired the operations from Australian investment bank Macquarrie for a net expense of £52.8M. The value is less then 25% of what Stagecoach received when it sold the business to Macquarrie.

http://www.busandcoach.com/newspage.aspx?id=4600&categoryid=0

Oh, so they gained from this sell and buy back exercise I suppose.

Good to see them taking the operation back in possession, I don't believe Macquarie Bank was interested in any part of their core business at all.

原帖由 kmb3asv3 於 2010-10-16 12:31 發表
Oh, so they gained from this sell and buy back exercise I suppose.

Good to see them taking the operation back in possession, I don't believe Macquarie Bank was interested in any part of their core bu ...

Macquarie bought it because they thought they could make a profit by selling it on in the future, which obviously didn't work out. Stagecoach pulled out in 2006 not because the business was unprofitable, but more because of a lot of constraints imposed by TfL, which Stagecoach don't like. I'm not surprised that they return to London really, it is a high profile market, and with the right price, why not?

咁搞笑...又係買返東倫敦...當年賣的又係佢

原帖由 NV58 於 2010-10-16 20:59 發表


Macquarie bought it because they thought they could make a profit by selling it on in the future, which obviously didn't work out. Stagecoach pulled out in 2006 not because the business was unprofit ...

Why Not x 2.

So we'll have the East London and Selkent fleetname reverted back to Stagecoach.  Its time to photo and model shopping.

Is a good news. Welcome Stagecoach back to London