700007
Established Member
Not that it is new news, as most of us are aware how much First is struggling to stay alive. A Telegraph article has suggested that First is in talks with rival companies such as Trenitalia, who run the c2c franchise, and National Express to take over a few Rail and Bus divisions.
What does the forum think about this?
Article can be found here :
https://www.telegraph.co.uk/busines...cle-firstgroups-assets-amid-break-up-rumours/
What does the forum think about this?
Article can be found here :
https://www.telegraph.co.uk/busines...cle-firstgroups-assets-amid-break-up-rumours/
Rivals of transport giant FirstGroup are circling the struggling bus and rail operator amid hopes that a break-up is on the cards.
Senior insiders have told The Sunday Telegraphthat FirstGroup has held talks with state-backed Italian train titan Trenitalia over a sale of its UK rail arm.
It comes just days after Dean Finch, the National Express boss, admitted to an interest in some of FirstGroup’s UK bus operations.
Meanwhile, the company has appointed a crack squad of consultants to assess options for US bus subsidiary Greyhound.
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