This post was originally published on this sitehttps://i-invdn-com.akamaized.net/trkd-images/LYNXMPEFAH0XU_L.jpg
(Reuters) – FirstGroup Plc’s (L:) largest individual shareholder has urged the British train and bus operator to sell its U.S. operations and make its plans clear around separating core businesses.
Robert Tchenguiz, who holds an economic interest of 4.7% in London-listed FirstGroup, said https://www.rns-pdf.londonstockexchange.com/rns/7352T_1-2019-11-18.pdf he would seek a shareholder meeting as soon as possible.
FirstGroup was not immediately available for comment.
The Aberdeen-based company said on Thursday it was in talks with bidders for its U.S. intercity service Greyhound. It had put up the business for sale earlier this year, partly due to growing competition from low-cost airlines.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.