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Announced

Twenty Lake to acquire 33 Greyhound US properties from FirstGroup for $140m.

Financials

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Transaction Value£114m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Real Estate Holding and Development

real estate

Friendly

Single Bidder

Private

Majority

Pending

Cross Border

Real Estate

United States

Synopsis

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Twenty Lake Holdings, a real estate firm, agreed to acquire 33 Greyhound US properties from FirstGroup, a British transport group, for $140m. "The sale of these residual Greyhound properties is another milestone in refocusing FirstGroup on our strong positions in bus and rail in the UK. We look forward to building on our robust platform for growth and shareholder value creation in future," Graham Sutherland, FirstGroup CEO.

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