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Mobico shares jump on sale of its US school bus business

The Guardian

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August 22, 2024

The owner of National Express has revealed it has begun the sale of its North American school bus business in an effort to reduce its £1.2bn debt, sending its shares sharply higher.

- Jack Simpson

Mobico shares jump on sale of its US school bus business

The share price of Mobico, which changed its name from National Express Group in June 2023, closed up nearly 18% at 68p on the London Stock Exchange yesterday, slightly down from its peak for the day of 70p.

Mobico is best known for its National Express brand in the UK, where it holds the largest market share of long-haul coach transport.

The Guardian'den DAHA FAZLA HİKAYE

The Guardian

The Guardian

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The Guardian

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