Veolia Transport acquires Bebb Travel Plc
Pace Equity acted for the shareholders of Bebb Travel Plc, Wales' foremost bus and coach company, in its sale to Veolia Transportation, the leading private European Passenger transport operator, operating in 25 countries and employing 61,000 people with a turnover of some €3.6 billion in 2004. This acquisition represents a major step for Veolia into the UK bus industry and is a clear mark of confidence in the future of bus transportation, not only in Wales, but also in the UK as a whole.
The Pace Equity team, led by James Robertson advised the shareholders throughout the sale process and took responsibility for the marketing of the opportunity throughout the UK and Europe. Nick Smith of the Veale Wasbrough Bristol office led the legal team that advised the shareholders on all legal matters associated with the sale.
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