Firstbus PLC - Acquisition Completed
04 Dezember 1997 - 6:31PM
UK Regulatory
RNS No 3080a
FIRSTBUS PLC
4th December 1997
FIRSTBUS PLC ('FIRSTBUS')
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FIRSTBUS COMPLETES THE PURCHASE OF
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51 PER CENT. OF BRISTOL INTERNATIONAL AIRPORT ('BIA')
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FirstBus, one of the UK's leading passenger transport operators,
announced on 10th November, 1997 that it had been selected as the
preferred purchaser in relation to a 51 per cent. equity interest
in BIA.
It has now completed the acquisition for a cash and loan note
consideration of #40 million, with the possibility of a further
payment of up to #2 million if certain cost targets in relation to
building the new terminal are met. Bristol City Council retains a
49 per cent. interest.
Enquiries
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FIRSTBUS PLC Tel: 0171 291 0500
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Trevor Smallwood (Executive Chairman)
Moir Lockhead (Deputy Chairman and Group Chief Executive)
Tony Osbaldiston (Finance Director)
Christopher Ashton-Jones (Investor Relations)
LAZARD BROTHERS & CO., LIMITED Tel: 0171 588 2721
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David Anderson (Managing Director)
Hudson Sandler Tel: 0171 796 4133
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Michael Sandler
Nick Lyon
END
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