15th Jul 2025 11:16
Mobico Group PLC - Birmingham, England-based public transport operator - Completes USD608 million sale of North America School Bus business to I Squared Capital, a Miami-based investment management firm. Mobico receives USD364 million in net upfront proceeds. The company says it has "strong" liquidity with no significant debt maturities due until the second half of 2027, while the sale of School Bus provides sufficient proceeds to cover those maturities. Mobico continues to anticipated adjusted operating profit between GBP180 million and GBP195 million for 2025, similar to GBP187.7 million in 2024. Mobico will release half-year results on September 9.
Current stock price: 30.62 pence, up 5.6% on Tuesday morning in London
12-month change: down 44%
By Tom Budszus, Alliance News slot editor
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