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Jorge Cosmen

  • National Express owner’s new chair takes up the reins

    Business

    The new chair of National Express owner Mobico faces a gargantuan task to turn around the struggling coach operator. Presenting his first trading update on Monday, Phil White insisted “considerable value and momentum” exists across the group, with a nine per cent growth in revenue indiciative of strong demand for its services. True, the company’s [...]

    National Express owner Mobico in March announced plans to sell its North American school bus business to I Squared Capital for £457m.
  • Cosmen family pounces on ‘depressed’ share price of National Express owners

    Transport

    The Cosmen family has upped its stake in the owner of National Express to 21.1 per cent. from 20.2 per cent.

    The deal is valued at £460m and is expected to create upfront net proceeds of around £275m to £290m while also trimming debts.

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