Mobico Group ( (GB:MCG) ) has shared an update.
Mobico Group PLC has announced the sale of its North America School Bus business to I Squared Capital for up to $608 million. This strategic move is aimed at reducing the company’s net debt and enhancing financial flexibility to focus on growth opportunities, especially in its ALSA division. The transaction, expected to complete in the third quarter of 2025, will allow Mobico to reallocate resources from the capital-intensive school bus segment to more profitable ventures, supporting its ongoing deleveraging efforts and strengthening its balance sheet. The sale is seen as a positive step in addressing the operational challenges faced by the School Bus business post-pandemic and is unanimously supported by Mobico’s Board.
More about Mobico Group
Mobico Group PLC operates in the transportation industry, focusing on providing transit and shuttle services. The company is involved in various transportation segments, including school bus services in North America, and is committed to reducing debt and leveraging growth opportunities, particularly in its ALSA division.
YTD Price Performance: -24.84%
Average Trading Volume: 1,172,012
Technical Sentiment Signal: Strong Buy
Current Market Cap: £349.2M
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