Friday, 25 September 2009

CVC Deadline Extended

The CVC consortium has obtained an extension to the deadline to enable them to continue due diligence on their proposed take over of National Express Group. It is understood that the assessment of the UK business which includes National Express East Anglia (NXEA) has been successfully completed but that additional time is required to review the company's US school bus division.

Should the takeover go ahead then the NXEA business will be transferred to the Stagecoach Group.

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