15 February 2017
Twin America joint venture
Stagecoach Group plc ("Stagecoach") confirms that it has sold its interest in the Twin America LLC joint venture for an undisclosed sum.
Twin America was a joint venture between Stagecoach North America and City Sights, which began operating on 31 March 2009. It principally operates sightseeing bus services in New York City.
Stagecoach North America, which held 50 per cent of the voting rights and 60 per cent of the economic rights of the joint venture, has sold its interest to its joint venture partner City Sights.
Completion of the transaction is not subject to any regulatory approval.
ENDS
For further information, please contact:
Stagecoach Group plc
www.stagecoachgroup.com
Investors and analysts
Ross Paterson, Finance Director 01738 442111
Bruce Dingwall, Group Financial Controller 01738 442111
Media
Steven Stewart, Director of Corporate Communications 07764 7746800
Twin America joint venture
| Source: STAGECOACH GROUP