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Takeover Peter Stonham LTT855 17 October 2022
Go-Ahead now under new ownership as Australian-Spanish duo complete deal
The planned sale of the Go-Ahead Group to a consortium made up of Australasian bus operator Kinetic Group (51%) and Spanish multinational transport infrastructure concession manager Globalvia (49%) was completed on 10 October.
The deal amounts to a rescue of Go Ahead after financial and accounting irregularities including the stripping of its SouthEastern Rail Franchise last year after failing to declare £25m in Government support.
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