21st Jun 2006 12:27
National Express Group PLC21 June 2006 21 June 2006 National Express Group PLC ("the Group") Sale of Trainline to Exponent Private Equity Exponent Private Equity today announced that it has acquired Trainline in whichNational Express Group ("the Group") is a 14% shareholder for £163 million incash. National Express became a shareholder in Trainline when it merged its onlineoperation, Qjump, with Trainline in 2004. Completion is expected in the firstweek of July. It is anticipated that the profit on disposal of the Group'sinvestment will be in the region of £9 million. - ENDS - For further information, please contact: Nicola Marsden/Georgina ParkesNational Express Group PLC 020 7529 2000 Andrew Dowler/Ben FosterFinancial Dynamics 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEX.L