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    Mobico sells UK bus operator for £24 million

    14 hours ago

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    Mobico has agreed to sell its West Midlands-based UK Bus business to the West Midlands Combined Authority for £24 million, part of a strategy to simplify the company. The deal includes a deferred payment of £5.5 million. The sale is expected to close in November, amid rising operating costs and uncertainty over future bus franchising in the region.
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