Sale of Newcastle rail and bus giant Go Ahead
The transport group was sold to a joint venture of two overseas operators in a deal valuing the business at £669m; the deal was approved at a general meeting held by the firm in August
The consortium of Kinetic TCo Pty Ltd - Australia and New Zealand’s largest bus network - and Spanish transport firm Globalvia Inversiones S.A.U paid 1,550 pence per share - and the purchasers even raised their bid by £22m, despite rivals Kelsian dropping out of the running.
