First Group acquires RATP London in £90 million bus network expansion

Chartered Institute of Logistics and Transport - British transport company First Group has announced it has signed an agreement to acquire urban and intercity transportation system operator RATP Dev Transit London in a mp;amp;pound;90 million deal. RATP London is one of the primary bus operators in the capital, operating 10 depots across Central and West London with a total fleet of 1,000 buses, a third of which are fully electric. The acquisition, announced on 10 December and published on the London Stock Exchange, will be financed with mp;amp;pound;45 million from First Groupmp;amp;#39;s existing cash reserves and the assumption of RATP London...