Financial Times FT.com

Stagecoach enters battle for National Express

By Philip Stafford

Published: July 27 2009 09:21 | Last updated: July 27 2009 11:24

Stagecoach on Monday threw its hat into the fray for National Express, the bus and rail operator, after saying it was in exclusive talks with the consortium led by Spain’s Cosmen family and CVC Capital over a possible break-up.

The transport group, which is run by Brian Souter, also hinted that it might be keen to make a bid of its own for the whole of National Express, disclosing that it would “continue to consider all other options” in addition to its talks with the Cosmens and CVC.

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