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Mobico Group PLC - Birmingham, England-based public transport operator - Completes $608 million sale of North America School Bus business to I Squared Capital, a Miami-based investment management firm. Mobico receives $364 million in net upfront proceeds. The company says it has ‘strong’ liquidity with no significant debt maturities due until the second half of 2027, while the sale of School Bus provides sufficient proceeds to cover those maturities. Mobico continues to anticipated adjusted operating profit between £180 million and £195 million for 2025, similar to £187.7 million in 2024. Mobico will release half-year results on September 9.
Current stock price: 30.62 pence, up 5.6% on Tuesday morning in London
12-month change: down 44%
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