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Pin to quick picksFirstgroup Share News (FGP)

Share Price Information for Firstgroup (FGP)

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Share Price: 164.90
Bid: 164.90
Ask: 165.10
Change: -0.30 (-0.18%)
Spread: 0.20 (0.121%)
Open: 167.60
High: 167.60
Low: 163.10
Prev. Close: 165.20
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FirstGroup surges on report of PE interest in US operations

Mon, 07th Sep 2020 08:49

(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.

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