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Birmingham Post
Birmingham Post
Business
Graeme Whitfield

Takeover battle looms for Go-Ahead as board accepts £647m offer

GoAhead Kelsian Kinetic Christian Schreyer Newcastle

The board of Go-Ahead Group has agreed a takeover approach that would value the company at nearly £650m - but there could yet be a bidding war for the Newcastle firm.

The bus and rail operator revealed on Monday that it had received two takeover approaches which it said it would “be minded to” accept.

Now it has revealed it has reached an agreement with a consortium made up of Australian bus operator Kinetic and Spanish transport infrastructure company Globalvia to buy all of the shares in the company at 1,500 pence each. That would value the firm at £647.7m.

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