IIIL suitors
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• More than 30 companies have shown an interest in taking over troubled South Wales bus operator Inter Valley Link (IVL).
Rhymney Valley Council, which owns the bus operation, says the number of applicants will shortly be whittled down to a dozen interested parties. The sale of the loss-making company has aroused interest in other bus operators throughout Britain, it says.
All 12 companies will be invited to South Wales to look around the company and discuss their intentions with IVL management. The IVL chief executives and accountants Coopers and Lybrand, which was brought in last year to assess the IVL financial position, will then draw up a shortlist.
These firms will then be invited to send in sealed bids and the council estimates an agreement should be finalised before the end of January.
National Welsh is one of the main contenders for the takeover of IVL.