7th Jan 2021 17:19
(Alliance News) - An infrastructure fund run by one of Scandinavia's most prominent private equity firms has joined the race for the GBP2.5 billion US operations of FirstGroup, according to Sky News on Thursday.
Sky News reported that EQT Infrastructure tabled an offer thought to have been worth roughly USD3.7 billion for First Student and First Transit just days before Christmas.
KKR, the New York-listed investment firm, is among the other contenders to buy FirstGroup's US business.
https://news.sky.com/story/eqt-fund-joins-race-for-steering-wheel-of-2-5bn-firstgroups-us-wing-12181345
The stock closed up 13% at 79.30 pence on Thursday, the best performer in the FTSE 250.
By Arvind Bhunjun; [email protected]
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