Twin America joint venture 15 February 2017
Post# of 301275
15 February 2017 Twin America joint venture Stagecoach Group plc ("Stagecoach") confirms that it has sold its interest in the Twin America LLC joint venture for an undisclosed sum. Twin America was a joint venture between Stagecoach North America and City Sights, which began operating on 31 March 2009. It principally operates sightseeing bus services in New York City. Stagecoach North America, which held 50 per cent of the voting rights and 60 per cent of the economic rights of the joint venture, has sold its interest to its joint venture partner City Sights. Completion of the transaction is not subject to any regulatory approval. ENDS For further information, please contact: Stagecoach Group plc www.stagecoachgroup.com Investors and analysts Ross Paterson, Finance Director 01738 442111 Bruce Dingwall, Group Financial Controller 01738 442111 Media Steven Stewart, Director of Corporate Communications 07764 7746800