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Coast Capital locked in battle over future of FirstGroup PLC

Activist investor group Coast Capital's James Rasteh discusses plans by FirstGroup PLC (LON:FGP) to sell off its Greyhound US bus business as part of a “rationalisation” of its portfolio.

It's part of a plan by the group to focus on First Student and First Transit, its core North American contracting businesses, which it feels have the greatest potential to generate sustainable value and growth.

Rasteh says there's isn't an individual [on the board] with any relevant transportation experience in North America and asks how they're expecting to operate these businesses better than their peers.

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Price: 93.50325 GBX

LSE:FGP
Market: LSE
Market Cap: £11.3 m
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