Stagecoach Joins NX Takeover Race

There is speculation that Stagecoach is joining the the list of potential suitors for National Express. According to press reports Stagecoach has appointed Deutsche Bank to draw up plans for an all-share takeover offer. Stagecoach currently runs the South West Trains franchise and has an interest in the Virgin West Coast route. Any takeover would make it a considerable force in the UK railway industry and as such, subject to monopoly investigation.