First offloads German buses

FirstGroup has sold its German bus operation to Marwyn European Transport, a subsidiary of Marwyn Management Partners, for €5.5 million (£4.8m), the Aberdeen-based firm announced yesterday.

The business being sold operates about 130 buses in the Rhineland Pfalz region of south-west Germany.

Tim O’Toole, FirstGroup chief executive, said: “The disposal of our small German bus business marks a further step in our programme of small asset and business disposals as part of our strategy to focus on operations in the UK and North America.”