Mitchell says yes to WYRC
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• National Bus Company subsidiary West Yorkshire Road Car looks likely to be sold in two parts in a deal authorised this week by transport minister David Mitchell.
The company's operations, involving 400 buses, minibuses and coaches, and 1,500 staff, will be acquired by a specially formed company West Yorkshire Road Car Investments. This company's shareholders are expected to include West Yorkshire's senior managers, Alan Stephenson, managing director of privatised East Yorkshire Motor Services and a property company called Parkdale Holdings. Parkdale plans to purchase the properties of West Yorkshire Road Car and to Lase them back to the bus company. To do this Parkdale needs the approval of its shareholders and an emergency general meeting is being arranged.
Comple' ori of the sale of West Y xshire will dej:end on the 5.i.areholders vote expected wi' an the next three weeks.
As Commercial Motor closed for press it appeared likely that two more NBC subsidiaries Milton Keynes City Bus, and Western National — will shortly be sold off.
West Yorkshire — deal will depend on approval of Parkdale shareholders.