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national express

July 24, 2009

The Spain-based Cosmen family has partnered with private equity group CVC to launch a combined bid for UK transport group National Express.

The Spain-based Cosmen family has partnered with private equity group CVC to launch a combined bid for UK transport group National Express. The family already owns 18.5% of the company's shares and is looking to increase this in a full takeover.
 
National Express, which has debts of £1.2 billion, disclosed the takeover proposal yesterday after its initial investor, FirstGroup, walked away from the deal. It is thought the takeover could put the company's value at over £500 million.
 

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