Scottish-based bus operator Stagecoach has confirmed it is selling its megabus intercity coach firm to joint venture partner Scottish Citylink, along with its Plymouth-to-Bristol Airport service Falcon.
Scottish Citylink is Stagecoach’s joint venture with international transport group, ComfortDelGro. The joint venture is responsible for the Scottish Citylink express coach network and megabus.com branded services to, from and within Scotland. Stagecoach and ComfortDelGro have now reached agreement for Stagecoach to sell the megabus retail platform and customer-service business, which sells and markets inter-city coach services in England and Wales, along with Falcoln.
In return Stagecoach’s share of the Citylink joint venture will increase from 35% to 37.5%.
Around 30 Stagecoach Group employees are expected to transfer to Scottish Citylink as part of the sale. There is no change to the operation of the inter-city coach services themselves.
The agreement is subject to certain conditions and completion of the transaction is expected in mid-August 2022.
(Picture – megabus)