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Railhub Archive
2011-08-02 STG-001
Stagecoach Group plc


Manchester tram operations

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Stagecoach Group plc

Manchester tram operations

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2011-08-02 Passengers to benefit from new Metrolink operator (Transport for Greater Manchester)


07:00 02-Aug-2011
source Stagecoach Group plc
type Stock Exchange announcement

note RNS Number : 5064L

Stagecoach Group plc ("Stagecoach") yesterday completed the sale of its subsidiary, Stagecoach Metrolink Limited ("SML"), to Ratp Dev UK Limited, a wholly owned subsidiary of Ratp Développement.

SML operates and maintains the Manchester Metrolink tram network under a ten-year contract with Transport for Greater Manchester (formerly, Greater Manchester Passenger Transport Executive) through to July 2017. The gross assets of SML as at 30 April 2011 were £16.2m.

The sale relates only to SML. The sale does not include the Group's Sheffield tram operations, and the Group is not engaged in any discussions regarding a sale of the Sheffield tram operations.

For further information, please contact:

Stagecoach Group plc

Martin Griffiths, Finance Director 01738 442111
Ross Paterson, Director of Finance & Company Secretary 01738 442111
John Kiely / Will Swan, Smithfield 020 7360 4900

This information is provided by RNS
The company news service from the London Stock Exchange

Railhub Archive ::: 2011-08-02 STG-001


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