(Sharecast News) - Transport operator FirstGroup surged on Monday following a report that its US operations have attracted interest from several major private equity firms.
According to The Sunday Telegraph, Canary Wharf owner Brookfield, Apollo Global Management and KKR are among a group of potential suitors for FirstStudent and FirstTransit.
The Telegraph cited sources as saying that FirstGroup's financial advisers have restarted a sales process in recent weeks and attracted "significant" private equity interest.
I Squared Capital, the owner of Irish energy firm Energia, was also understood to have registered its interest.
At 0845 BST, the shares were up 14.2% at 45.42p.
LONDON, May 9 (Reuters) - The British government asked the rail industry on Sunday to urgently announce how it was going to deal with disruption to services after several operators were forced to withdraw part of their fleets because of cracks di...