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Scottish consortium heads for Highland

11th July 1991, Page 13
11th July 1991
Page 13
Page 13, 11th July 1991 — Scottish consortium heads for Highland
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Which of the following most accurately describes the problem?

• Highland Scottish Omnibuses is set to be sold to a consortium of Clansman Travel and Leisure and Rapson's Coaches.

Last week the consortium was named preferred bidder for the Inverness-based operator, which is the ninth SBG subsidiary to be sold.

The deal includes 141 buses, eight depots and 256 staff, SBG chairman Ian Irwin says: "I am pleased that control of the Highland company is remaining in Scotland."

O At SBG firm Fife Scottish three of the four senior managers have withdrawn from the management-led employee buyout team.

But Fife will continue to fight Stagecoach for ownership of the firm, which has a fleet of 300 vehicles and 850 staff at seven depots. A judicial review is scheduled for next week.

Finance director Jim Moffat, who is leading the team of 11 managers, says the managers left because of a disagreement over the share structure.

Managing director Derek Stuart who previously led the team says: "I am greatly saddened by this turn of events."