News Blog for the Essex Rail Users Federation - www.eruf.org
Monday, 14 September 2009
Cosmen Family Given Two Weeks To Complete Takeover of National Express
The proposed Cosmen family / CVC takeover of National Express group (NX) has been given a two week extension to finalise the details of the deal whilst they carry out the necessary due diligence on NX's books.
As previously recorded, such a deal is likely to see control of NX bus and rail businesses, including National Express East Anglia, transfer to Stagecoach.