Forget that proposed merger-come-takeover between Stagecoach and National Express. That was last week’s news.
|A new sister company for Stagecoach – Belgium’s Hansea.|
It turns out while those boardroom discussions had been going on including a deal with Comfort DelGro to offload Stagecoach’s share of Citylink as well as handing over Megabus and South West Falcon and the Competition and Markets Authority had begun its long drawn out investigation, interest was also being nurtured by Deutsche Bank on behalf of Stagecoach with another potential suitor (as opposed to Souter) which has now resulted in a new recommendation from the Stagecoach board to sell out to a company called Inframobility UK Bidco Limited which is indirectly owned by Pan-European Infrastructure III, SCSp (PEIF III) which in turn is an infrastructure fund managed and advised by DWS Infrastructure. That certainly all rolls off the tongue. Not.
|Roger French OBE DL MA.|