Firstgroup has sold its Northumberland Park bus depot in North-East London to Go-Ahead Group plc for a gross consideration of 14m pounds.
The depot operates 130 vehicles on 13 routes which, together with around 400 employees, will transfer to Go-Ahead on March 30th.
Tim O'Toole, Chief Executive of Firstgroup said: "The sale of our Northumberland Park depot marks further progress in our ongoing programme to pursue selective asset and business disposals as we review the scope and scale of our business and position our UK Bus division for the longer term."
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