Wednesday, 21 October 2009

Stagecoach Get Cosmen Support

Stagecoach's hopes of securing a £1.7bn merger with National Express were boosted last night when it reportedly won support from the latter's biggest shareholder, the Cosmen family of Spain.

The Cosmens, who have an 18% stake in NX recently led an abortive takeover bid of the transport group of which Stagecoach were a part.

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