RE: great news for nex21 Sep 2021 17:55
A top-20 shareholder in National Express said: “There are revenue and cost synergies motivating the deal. Operational efficiencies across the combined networks include National Express using Stagecoach’s bus depot network to run its coach business, as well as to accelerate its UK growth initiatives such as private hire coach, corporate shuttle and accessible transport.
“The combination also maintains strong relationships with public sector stakeholders and a financially stronger combination will be better able to finance investment in cleaner greener transport.”