Inactive Instrument

Stagecoach Group plc

Equities

SGC

GB00B6YTLS95

Passenger Transportation, Ground & Sea

Stagecoach Group plc : Infratil sells Glasgow Prestwick Airport to Scottish government

November 24, 2013 at 02:55 pm EST

MarketScreener.com By The editorial team

WELLINGTON (Reuters) - New Zealand utilities investor Infratil on Monday said it had sold Glasgow Prestwick Airport to TS Prestwick Holdco Limited, an entity wholly owned by the Scottish government, for 1 pound ($1.62), as the company unloads more airports from its portfolio.

"Infratil's preference has always been to secure a new owner with the capacity to support the future success of Glasgow Prestwick Airport," Infratil CEO Marko Bogoievski said in a statement.

"We believe that a Scottish Government acquisition achieves that objective and Infratil Limited is very pleased to have successfully completed the transaction."

He did not offer any additional details on the sale, which follows Infratil's announcement last month that it would sell Manston Airport in Britain to Ann Gloag, the co-founder of Stagecoach Group for 1 pound ($1.62) and other adjustments worth around 350,000 pounds ($566,500).

(Reporting by Gyles Beckford; Editing by Sandra Maler)

Stocks treated in this article : Stagecoach Group plc, Infratil Ltd

Valeurs citées dans l'article : Stagecoach Group plc, Infratil Ltd

Latest news about Stagecoach Group plc

Stagecoach Group Limited Reports Earnings Results for the Half Year Ended October 28, 2023	Dec. 05	CI
Stagecoach Group plc Reports Earnings Results for the Full Year Ended April 29, 2023	23-07-21	CI
Stagecoach Group plc Reports Earnings Results for the Half Year Ended October 29, 2022	22-12-06	CI
Braddell Limited terminated the acquisition of an 35% stake in Scottish Citylink Coaches Ltd from Stagecoach Group plc	22-07-28	CI
Stagecoach Group plc Reports Earnings Results for the Full Year Ended April 30, 2022	22-06-29	CI
Transcript : Stagecoach Group plc, 2022 Pre Recorded Earnings Call, Jun 29, 2022	22-06-28
Pan-European Infrastructure III, SCSp, managed by DWS Alternatives Global Limited completed the acquisition of Stagecoach Group plc from HGT Finance A Limited, Threadneedle Asset Management Ltd, DWS Investments UK Limited and others.	22-06-26	CI
Moody's Changes Stagecoach Outlook to Stable Following Unconditional Takeover Bid from DWS	22-06-23	MT
Analysis-Golden age of buses? Buyers hop on UK transport firms	22-06-15	RE
Australia bus operator weighs last-minute rival offer for Britain's Go-Ahead	22-06-13	RE
UK’s Program and Project Partners Inks Two-Year Bus Service Deal With Stagecoach	22-06-01	MT
Stagecoach Group plc(LSE:SGC) dropped from S&P Global BMI Index	22-06-01	CI
NFI Group's Subsidiary ADL Announces Delivery of 1000th BYD ADL Electric Bus	22-05-27	MT
Stagecoach Unit To Buy Kelsian's East London Bus Business For $25 Million	22-05-27	MT
Kelsian Divesting East London Bus Operations for $25 Million	22-05-26	MT
Stagecoach Group plc Announces Board Appointments	22-05-26	CI
FirstGroup becomes latest UK transport takeover target	22-05-26	RE
Stagecoach Group plc(LSE:SGC) dropped from FTSE All-Share Index	22-05-26	CI
British Competition Watchdog Drops Probe on National Express, Stagecoach Merger	22-05-24	MT
German Asset Manager DWS' Takeover Bid for Stagecoach Becomes Unconditional	22-05-22	MT
National Express Group PLC cancelled the acquisition of Stagecoach Group plc from a group of shareholders.	22-05-19	CI
National Express Group Says Exchange Ratio in Stagecoach Merger Now Final	22-05-16	MT
NFI Group Reports Start of Autonomous ADL Enviro200 Buses' On-route Testing in Scotland	22-04-25	MT
Stagecoach Amends Confidentiality Agreement With DWS Alternatives	22-04-14	MT
Stagecoach Bidder DWS Infrastructure Raises Stake To 17%	22-03-28	MT

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Company Profile

Stagecoach Group plc is a United Kingdom-based public transport company. The Company operates bus, coach, and tram services in regulated and deregulated markets. The Company's segments include UK Bus (regional operations), UK Bus (London), and UK Rail. It has operations in England, Scotland and Wales. It provides fully managed transport solutions for a range of businesses, local authorities and institutions. The Company serves communities in major cities, including London, Manchester, Liverpool, Newcastle, Hull, Sheffield, Oxford and Cambridge, as well as rural locations from the Highlands and Islands of Scotland to Wales and south-west England. It also run the low-cost coach service megabus.com in the United Kingdom and runs Scotland's coach operator, Scottish Citylink, which connects 200 locations across Scotland. In Sheffield, the Company also operates the Supertram light rail network. The Company operates approximately 8,300 buses, coaches and trams.

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Passenger Transportation, Ground & Sea

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