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Buyout bid at Citylink

16th June 1988, Page 15
16th June 1988
Page 15
Page 15, 16th June 1988 — Buyout bid at Citylink
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Which of the following most accurately describes the problem?

• Employees at Glasgowbased Scottish Citylink are planning to stage a buyout bid with the help of the management now that parent company, the Scottish Bus Group, is to be sold off in 10 divisions.

It is not yet known whether Citylink will be sold as a unit, or whether the sale would involve property. General manager, Alan Howes, says more information is needed.

Scottish Citylink employs over 180 staff and hires its vehicles from other SBG companies. It runs a comprehensive network of services within Scotland, principally serving Glasgow, Edinburgh, Aber deen, Inverness, Perth, Dundee, Thurso and Skye, and also operates in conjunction with National Express to leading holiday destinations.