Stagecoach Group PLC Twin America Joint Venture
February 15 2017 - 2:00AM
UK Regulatory
TIDMSGC
15 February 2017
Twin America joint venture
Stagecoach Group plc ("Stagecoach") confirms that it has sold its
interest in the Twin America LLC joint venture for an undisclosed sum.
Twin America was a joint venture between Stagecoach North America and
City Sights, which began operating on 31 March 2009. It principally
operates sightseeing bus services in New York City.
Stagecoach North America, which held 50 per cent of the voting rights
and 60 per cent of the economic rights of the joint venture, has sold
its interest to its joint venture partner City Sights.
Completion of the transaction is not subject to any regulatory approval.
ENDS
For further information, please contact:
Stagecoach Group plc
www.stagecoachgroup.com
Investors and analysts
Ross Paterson, Finance Director 01738 442111
Bruce Dingwall, Group Financial Controller 01738 442111
Media
Steven Stewart, Director of Corporate Communications 07764 7746800
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Stagecoach Group PLC via Globenewswire
http://www.stagecoachgroup.com
(END) Dow Jones Newswires
February 15, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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