FirstGroup stakeholder urges bus operator to sell U.S. operations

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(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 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.

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