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UK's National Express, Stagecoach Group Announce All-Share Merger
National Express Says Karen Geary To Assume Role Of Chair Of Remuneration Committee
National Express sees 2021 profits in line with expectations
National Express Group PLC is a United Kingdom-based company, which is a public transport operator. The Company is a transport provider delivering services in the United Kingdom, Continental Europe, North Africa, North America and the Middle East. The Company owns and leases buses, coaches and trains, which is used to deliver local, regional, national and international transportation services. The Company's segment includes UK, German Rail, ALSA (predominantly Spain and Morocco) and North America (USA and Canada). The UK segment offers bus and coach services. The German Rail segment operates two train services in Germany. ALSA (predominantly Spain and Morocco) segment offers bus and coach services. The North America (USA and Canada) segment offers school bus, transit bus and shuttle services. The Company operates transportation services in approximately eight countries, which includes United Kingdom, United States of America, Canada, Spain, Morocco, Switzerland, Germany and Bahrain.
National Express House
Mill Lane, Digbeth
John A. Armitt
Non-Executive Independent Chairman of the Board
Jose Ignacio Garat
Group Chief Executive Officer, Executive Director
Non-Executive Deputy Chairman of the Board
Group Chief Financial Officer, Executive Director
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British public transport group National Express is acquiring rival StageCoach in an all-share deal, the companies said on Tuesday, consolidating amid a recovery in passenger numbers from pandemic lows and an imminent end of state aid.
British transport group National Express is acquiring rival StageCoach in an all-share deal, the companies said on Tuesday.
British transport group National Express now has until Nov. 16 to make a firm offer for takeover target Stagecoach Group, both companies said on Monday after the regulator extended a deadline.
British transport company National Express is in talks to acquire rival operator Stagecoach Group in an all-share deal, offering scope for cost savings and underpinning their recovery from COVID-19.
British transport company National Express said earnings fell 64% in 2020 as the pandemic impacted passenger numbers on its bus and coach operations in Spain and the UK, its school buses in the United States, and on its German rail contract.
The chief executive officer of bus company National Express Group, Dean Finch, will leave the company at the end of this month and will take up the top job at homebuilder Persimmon earlier than envisaged, the companies said on Wednesday.
* Shares fall 12% (Adds shares, analyst comments, background)
Bus company National Express Group Plc reported a pre-tax loss for the first half of 2020 on Thursday and said travel activity remained at "much suppressed levels", bracing for more pressure on its finances over the next year.
British house-builder Persimmon has poached Dean Finch from transport operator National Express to succeed David Jenkinson as chief executive.
Train and bus company National Express Group raised about 235 million pounds ($290.93 million) in new equity on Wednesday to help it ride out the COVID-19 pandemic.
* NATIONAL EXPRESS GROUP PLC - ANNOUNCES AN EXTENSION TO ITS PLANS IN RESPONSE TO COVID-19
* NATIONAL EXPRESS - PROPOSED PLACING OF NEW ORDINARY SHARES
British transport firm National Express Group said on Wednesday it plans to raise equity of around 20% of its issued capital to shore up its balance sheet as it secured debt waivers through 2020 to help its business during the COVID-19 pandemic.
* NATIONAL EXPRESS GROUP PLC - CURRENTLY EXPERIENCING DIFFERENT IMPACTS FROM COVID-19 ACROSS ITS PORTFOLIO
British transport firm National Express Group Plc <NEX.L> said on Wednesday it won a 15-year bus contract in Casablanca through its unit ALSA, which is expected to fetch more than 1 billion euros ($1.11 billion) in revenue over its term.
On June 30, British bank NatWest <RBS.L> sent out an arcane-sounding press release - bus operator National Express <NEX.L> had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.
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