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Midland Classic (Burton on Trent) sold to Rotala (Diamond)

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liamf656

liamf656

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A surprising sale is Midland Classic to Rotala. The source mentions that it’ll be rebranded as Diamond Bus East Midlands

Acquisition

otp.investis.com

Rotala (AIM: ROL.L), an operator of bus routes in the UK for businesses, local authorities and the general public, is pleased to announce the acquisition of the entire issued share capital of Midland Classic Limited ("Midland"), the principal bus operator in Burton-upon-Trent (the "Acquisition"). Midland has been acquired for a total cash consideration of £2 million. In addition, on completion, Rotala has paid approximately £577,000 in cash to one of Midland's shareholders to repay an existing loan of the same sum.
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GusB

GusB

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The sale has already been mentioned in this thread:

Staffordshire Bus News

First Buses have introduced more new buses to the Potteries, but are they going to improve the services or continue to cut back ?
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