7th May 2014 06:37
LONDON (Alliance News) - Brian Souter, chairman of Stagecoach Group PLC, is expanding his own bus business across eastern Europe, according to the Financial Times late Tuesday.
The founder of Stagecoach is planning to double the size of his intercity bus business in Poland, which currently stands at a fleet of 140, according to the FT, as Scouter looks to develop his own portfolio of private investments.
Souter recently bought up a majority stake in Finnish bus operator OnniBus.com, the newspaper wrote, which it said is believed to be a 75% stake, with the aim of growing the intercity express coach service in a similar way to the business in Poland, which he set up in 2011.
Souter is advising Stagecoach on rolling out its successful Megabus service in Europe, according to the FT, although not into the countries he is looking at for his own bus business.
http://www.ft.com/cms/s/0/ab9885b8-d51d-11e3-9187-00144feabdc0.html#axzz310RBaukP
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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