How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
... Telefonica are NOT the only service provider of Telephone Lines, Internet Access or Mobile Phones?
Tumbit recommends Telitec Communications. Find out how Telitec Communications can help you here!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Friday 19 December 2014
- Mr Grumpy v Angeles Duran
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Stagecoach wants Nat Express merger
Bus and rail group Stagecoach confirmed on Sunday it had approached rival National Express about a possible merger.
The confirmation followed a report about the planned all-share merger in The Sunday Telegraph newspaper, which valued the potential deal at 1.65 billion pounds.
In a statement, Stagecoach said that "at the invitation of the National Express board" on October 16, it sent a letter indicating the terms under which it would be prepared to enter into talks about a merger of the two companies.
The approach follows the Friday collapse of takeover talks between National Express and a consortium led by Spain's Cosmen family.
Stagecoach had made a deal with the consortium to buy National Express's UK bus and rail operations if the offer succeeded.
In a separate statement on Sunday, National Express said it had received a "highly preliminary" proposal from Stagecoach that would leave National Express shareholders owning no more than 40 percent of the combined group's stock.
National Express added it would consider the Stagecoach approach but continue to explore an equity fund-raising, "in order to see whether the Stagecoach proposal offers greater value and certainty to National Express shareholders."
In addition, National Express said it had not received a fresh proposal from transport group FirstGroup, which proposed an all-share merger with National Express in June, but walked away in July.
National Express is due to issue an interim management statement on Thursday.
Latest News & Stories
- Netflix silent on reported Spain launch
- Lidl celebrates 20 years in spain with new store
- Airline declares 'No interest in flying to Castellon Airport'
- Most Catalans would vote to stay in Spain: poll
- Losses at Spain's 'bad bank' raise prospect of slow turnaround
- Paramount Murcia boss denies importance of Corvera Airport
- 10 Spanish Banks Reported for Illegal Fees
- Spain citizenship offer is 'empty gesture'
- Man drives car into PP HQ
- EC Slams 'Wasteful Spending' at Spanish Airport