FirstGroup has bought three main bus services in North America for a complete of £ 102 million.
The Aberdeen-based agency mentioned the transfer was a part of an ongoing push to rationalize its portfolio of Greyhound bus properties.
Layouts embody a storage and buyer terminal facility in Los Angeles, in addition to services in Denver, Colorado and Ottawa, Canada.
The transport big reported a complete revenue for the three transactions of round £ 73 million.
The money proceeds might be used for “normal company functions,” FirstGroup mentioned.
The corporate bought six smaller “surplus places” within the first half of the monetary yr.
Different “property gross sales processes” are additionally underway.
The transfer comes as FirstGroup seeks to tug out of North America to deal with its UK bus and practice operations.
It confronted mounting strain earlier this yr from an activist investor to separate its North American operations.
The group, which has been making an attempt to promote its Greyhound US intercity bus service since 2019, confirmed final month that it was nonetheless in talks with a minimum of one unidentified social gathering a few doable sale.