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FirstGroup Raises Proposed Shareholder Returns as U.s. Bus Deal Closes

By:Reuters
Updated: Jul 22, 2021, 06:57 UTC•1min read
(Reuters) – British transport firm FirstGroup on Thursday increased its planned shareholder returns by 135 million pounds ($185.29 million) after closing the sale of its U.S. bus assets to private equity firm EQT Infrastructure.
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Buses are parked at the Greyhound bus station,

The company, which faced a pushback from its top investors regarding the sale and the amount of returns, proposed to return 500 million pounds, or about 41 pence per share, up from 365 million pounds earlier.

($1 = 0.7286 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; editing by Uttaresh.V)

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