From
the Financial TimesNational Express is in talks to buy smaller rival Stagecoach in a deal that would bring together two of the UK▸ ’s largest transport operators as the pandemic-ravaged industry emerges from the crisis.
Posting in the "Wider Picture" as Stagecoach no longer run the South Western franchise, and National Express no longer run the Wessex franchise!
Also on
the BBC» National Express has confirmed it is in talks to buy rival transport firm Stagecoach.
Under the terms of the potential deal, National Express would own about 75% of the combined group and Stagecoach 25%.
National Express said it would be able to slash costs as a result of the merger, and expected the newly formed group to find savings of at least £35m.