Mobico Group agrees to sell West Midlands bus operations for £24 million
LONDON: Mobico Group PLC announced Monday it has reached an agreement in principle to sell the net assets and operations of its West Midlands bus business to the West Midlands Combined Authority for expected upfront residual proceeds of approximately £24 million. The transaction, which is expected to close around November 2026, aligns with the company’s strategy to monetize its…