Mobico agrees to £308m Spanish takeover proposal
Business · First reported 30 Oct, 10:42 · Updated 11:30
Mobico, the parent company of National Express, agreed to a £308 million takeover proposal from Spanish buyer Autobuses de Leon. The coverage reports that Mobico shares rose by more than 10% after the deal was announced.
- Mobico agreed to a £308 million acquisition proposal from Spain’s Autobuses de Leon.
- The Independent reports a bid of 46p per share and says the deal values Mobico at about £2.3 billion including its debt.
- Both reports say Mobico shares rose by more than 10% after the agreement was announced.
Summary written by Lux AI from 2 articles
Key facts
- Proposed deal value
- £308 million
- Buyer
- Autobuses de Leon
- Offer per share
- 46p
- Reported share-price move
- More than 10% upward
- Mobico valuation including debt
- Around £2.3 billion
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- Corporation 50% (1)
- Unknown 50% (1)
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