FirstGroup PLC To Discuss An Agreement For The Sale of First Student and First Transit to EQT AB Call Transcript
Welcome to the FirstGroup Trading Update. (Operator Instructions) Just to remind you, this call is being recorded.
Today, I'm pleased to present Matthew Gregory, Chief Executive; and Ryan Mangold, Chief Financial Officer; and David Martin, Chairman. Please begin your meeting.
Good morning, everyone. I'm very pleased to welcome you to this call following our announcement this morning of the sale of our student and transit businesses. As many of you know, I initiated a full strategic review of all options to unlock value for shareholders shortly after joining the Board in August 2019. We subsequently launched a sale process for our North American contract businesses in March last year. And whilst COVID inevitably delayed the process, we've been working hard behind the scenes to ensure that momentum and competitive tension was maintained, and that a full strategic value was achieved for these high-quality and resilient assets.
This transaction clearly delivers on the Board's strategy to
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