FirstGroup plc full year results announcement
A FirstGroup spokesperson said:
“Today we announced that we will be pursuing strategic options, through a sale or other means, to separate First Bus from FirstGroup.
“Please be assured that as this process unfolds, we will continue to operate our services as usual, working closely with our local authority partners and demonstrating our commitment to our customers through the service we offer them.
“In recent years we have improved customer service at First Bus by investing in our buses and new technology, transforming our networks, and making operations and maintenance more efficient.
“As a result, First Bus is now on a much stronger footing, and we believe it is the right time to pursue structural alternatives so the business can continue to provide excellent service, ensure the best possible future for our staff and continue to meet stakeholders’ requirements
“The hard work and commitment of our employees has ensured that First Bus is now well-placed for the future and we will keep them up-to-date over the coming months.”