FirstGroup plans to acquire RATP London for £90 million, expanding its bus operations in the city.

FirstGroup, a Scottish bus company, plans to buy RATP London, a major London bus operator, for £90 million. The acquisition, pending approvals, will expand FirstGroup’s presence in London and diversify its portfolio. RATP London has a 12% market share and 3,700 employees. FirstGroup expects the deal to be earnings neutral in 2025 and 2026, with revenues growing to £300-350 million over five years.

4 months ago
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