National Express owner Mobico agrees a £308m takeover by Spain's Autobuses de Leon
Summary
Mobico, the owner of National Express, was in talks over a £282m takeover deal, the Evening Standard and The Independent reported on Wednesday 21 October, its shares jumping by around 33% to 39.5p after the talks were confirmed that morning. On Friday 30 October, Mobico was set for a £308m Spanish takeover after its bosses said they had agreed the deal with Autobuses de Leon, its shares jumping more than a tenth, the two outlets reported, The Independent later saying Mobico has been acquired by the Spanish buyer AdL after agreeing to a £308m buyout.
Latest: Mobico, the owner of National Express, was set for a £308m Spanish takeover after its bosses said they had agreed the deal with Autobuses de Leon, its shares jumping more than a tenth, the Evening Standard and The Independent reported, The Independent later saying Mobico has been acquired by the Spanish buyer AdL after agreeing to a £308m buyout.
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How it unfolded
Friday 30 October
Mobico, the owner of National Express, was set for a £308m Spanish takeover after its bosses said they had agreed the deal with Autobuses de Leon, its shares jumping more than a tenth, the Evening Standard and The Independent reported, The Independent later saying Mobico has been acquired by the Spanish buyer AdL after agreeing to a £308m buyout.
- 07:21The Independent National Express owner agrees to £308m Spanish buyout proposal
- 06:42The Independent National Express owner Mobico set for £308m Spanish takeover
- 06:42Evening Standard National Express owner Mobico set for £308m Spanish takeover
Wednesday 21 October
Mobico, the owner of National Express, is in talks over a £282m takeover deal, its shares jumping by around 33% to 39.5p after the talks were confirmed on Wednesday morning, the Evening Standard and The Independent reported.
- 07:39The Independent National Express owner in talks over £282m takeover deal
- 07:39Evening Standard National Express owner in talks over £282m takeover deal