Brief: Mobico Announces Proposed Sale Of North America School Bus
25/04/2025 07:10
April 25 (Reuters) - Mobico Group PLC MCG.L: MOBICO GROUP PLC - PROPOSED SALE OF NORTH AMERICA SCHOOL BUS MOBICO GROUP PLC - PROPOSED SALE OF NORTH AMERICA SCHOOL BUS MOBICO GROUP PLC - TO SELL NORTH AMERICA SCHOOL BUS TO I SQUARED CAPITAL MOBICO GROUP PLC - EXPECTED UPFRONT NET PROCEEDS OF $365-$385 MILLION MOBICO GROUP PLC - PROPOSED DEAL FOR ENTERPRISE VALUE OF UP TO $608 MILLION MOBICO: EXPECTS FY24 GROUP ADJUSTED OPERATING PROFIT IN LINE WITH, ALBEIT AT LOWER END OF, GUIDANCE MOBICO: SCHOOL BUS UNIT HAS EXPERIENCED PERSISTENT MARKET CHALLENGES SUCH AS DRIVER WAGE INFLATION, POTENTIAL FLEET COST INFLATION FROM TARIFFS MOBICO GROUP- TRADING IN FIRST FEW MONTHS OF CURRENT YEAR ACROSS GROUP IS IN LINE WITH BOARD'S EXPECTATIONS Source text: ID:nRSY2074Ga Further company coverage: MCG.L ((Reuters.Briefs@thomsonreuters.com;))