Stagecoach to acquire East London public bus transport service from Kelsian for £20m.

Stagecoach, a public transport provider, agreed to acquire East London public bus transport service from Kelsian, an Australia's integrated multi-modal transport provider and tourism operator, for £20m. Kelsian will continue to participate in the London bus market via its 12.5% stake in the RATP Dev Transit London Ltd joint venture in the western region of London and its ongoing 100% freehold interest in the Westbourne Park bus depot. The Transaction does not impact Kelsian’s interest in the joint venture in any way, which in turn, does not impact on any of Kelsian’s activities in the UK outside of the London bus market.