Two major FirstGroup shareholders on Monday called for the British bus and train...
) shareholders on Monday called for the British bus and train operator to sell its U.S. assets as part of a portfolio overhaul which already includes the planned sale of North American intercity bus service Greyhound.
FirstGroup, which last week reported a bigger first-half loss, has said it would focus on its core contracting business in North America, including the First Student school bus service and First Transit transportation service. Tchenguiz, who holds a 4.7% economic interest in FirstGroup and is its largest individual shareholder, saidDavid Martin succeeded Wolfhart Hauser this year after the former chairman left following a shareholder rejection of a Coast Capital proposal to overhaul its board.
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