FirstGroup to sell North American units, not seeing coronavirus impact
FirstGroup to sell North American units, not seeing coronavirus impact | NASDAQ. LONDON, March 11 (Reuters) - British bus and rail company FirstGroup FGP.L announced plans to sell its two North American-based bus units, as it said it had not seen a significant impact from coronavirus on demand for travel so far. The company said a formal sale process for the North American units, which run yellow school bus services and bus contracts in the U.S. and Canada, was underway and there was significant interest expressed by potential buyers. The company said demand for those services had not been affected by coronavirus so far, adding it was "monitoring the situation closely while planning for a range of scenarios including changes to current government guidance or policy". For its 2020 full-year, the company said it was on track to meet its expectations for operating profit.