FLIXBUS ACQUIRES MEGABUS EUROPE
FlixMobility GmbH, operating as FlixBus, is a German provider of transportation services in a growing part of Europe. Recently it has acquired retail operations of Megabus Europe from Stagecoach Group plc, a public transport services provider based in the UK.
The Megabus Europe business comprises both retailing activities and coach operating activities. The retailing activities involve the design of inter-city coach services, including their timetabling, co-ordination and marketing, as well as the pricing and sale of journeys on those services. The coach operating activities encompass the day-to-day operation and staffing of the coach services. Under the terms of transaction, FlixBus will issue a loan note to Stagecoach in respect to consideration, at completion. The loan note is expected to be fully settled by the end of 2017.