Arriva denies sale preparations

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The Independent Online
Arriva denies sale preparations

ARRIVA, the bus and motor company, yesterday dismissed suggestions that bidders were preparing a strike for the group. "The board of Arriva is fully committed to developing the bus and motor divisions, which are strong and profitable and neither of which are for sale," a spokesman said. The company, whose chief executive Gordon Hodgson resigned last week, said it had received no expression of interest from former chairman Tom Cowie, contrary to some weekend press reports.

Arriva, which reported flat half-year profits last week, has received more than 10 expressions of interest in its car finance, which it is selling to concentrate on the bus and motor operations.