EQT Group joins the race to win FirstGroup Plc US Business

An infrastructure fund run by private equity firm EQT Group has joined the race for the £2.5bn US operations of FirstGroup plc, the London-listed transport operator.

EQT tabled an offer worth roughly $3.7bn just days before Christmas. KKR & Co. Inc., the New York-listed investment giant, is among the other contenders to buy the vast US business.

Last month FirstGroup America added that it was “in discussions with a number of credible potential buyers who have a long-term perspective”.

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