Kelsian refuses to rule out bidding war for Go-Ahead

by | Jul 11, 2022

Australia’s Kelsian Group urged shareholders in Go-Ahead Group not to take any action on Monday, as it continued to mull its own potential offer for the British business.
Bus and train operator Go-Ahead agreed last month to be acquired by a consortium consisting of Australia’s Kinetic Holdings and Globalvia, a transport infrastructure specialist, for a cash offer of £647.7m, and on Monday published the takeover timetable.

Kelsian has already indicated it could also table an offer, however, and on Monday the Takeover Panel gave the land and marine transport specialist until 1700 BST on 1 August to either make a firm offer for Go-Ahead or walk away.

Kelsian said it was continuing to “carefully assess all its options […] and continues to urge Go-Ahead shareholders to take no action at this time”.

It added: “If a possible cash offer by Kelsian is made in the future for Go-Ahead, there are a number of ways that this could be funded, however, no decision regarding any intention to make a firm offer, or the appropriate funding mix has yet been made.”

Earlier on Monday, Go-Ahead said it expected to report a solid full-year performance after a rebound in passenger demand.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x