Transport operator’s shares rise 10% as it announces plans to focus on UK bus and rail
FirstGroup has sold the bulk of its North American transport business in a deal worth $4bn (£2.9bn), as the transport group looks to focus on its UK bus and rail operations.
The Aberdeen-based FirstGroup has sold First Student, the biggest school-run operator in the US, with about 43,000 yellow buses, and First Transit, which provides outsourced public transport, to EQT Infrastructure.
