08 Aug '18, 4am

CDC BUYS SYDNEY’S OLDEST PRIVATELY RUN FAMILY BUS COMPANY: FOREST COACHLINES

CDC BUYS SYDNEY’S OLDEST PRIVATELY RUN FAMILY BUS COMPANY: FOREST COACHLINES

CDC BUYS SYDNEY’S OLDEST PRIVATELY RUN FAMILY BUS COMPANY: FOREST COACHLINES By: Fabian Cotter Date: 08.08.2018 Tweet send to a friend BREAKING: COMFORTDELGRO Corporation Limited has – pending regulatory approval – increased its stakes in the lucrative Australian public transport and bus operator sectors with a A$110 million acquisition of FCL Holdings Pty Limited - which runs Forest Coach Lines in Northern Sydney and regional New South Wales, it’s reported late yesterday. Singapore-based CDC has snared Sydney's iconic Forest Coachlines for A$110 million. announced yesterday. It has also acquired depot land and bus assets totalling A$24.45 million separately as part of an aggressive expansion plan, it’s stated. The A$110 million acquisition of FCL Holdings Pty Limited, which runs Forest Coach Lines - Sydney’s oldest privately-run family bus and coach operator, contributes ...

Full article: https://www.busnews.com.au/industry-news/1808/cdc-buys-sy...

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