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Lowland up for sale
Page 21
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• Lowland Scottish is the first of nine Scottish Bus Group territorial companies to be placed on the market, as predicted in Commercial Motor (CM 8-14 February).
The Galashiels-based firm operates a fleet of 123 buses throughout the Borders region and parts of Lothian. It has 266 staff and during 1988 carried 7.6 million passengers.
Lowland has eight depots, including a site it shared with Northumbria Motor Services in Berwick-on-Tweed.
There has been fierce competition between minibus operators in Berwick-on-Tweed, and Northumbria's parent company, Proudmutual, is understood to be interested in buying Lowland.
The sale may be completed bx April.
Li Kelvin Central Buses' management team stands to get a maximum £48,750 financial assistance for its management employee buyout bid, according to a Parliamentary written reply.
The assistance covers 75% of professional advisers' fees, up to £65,000.
If the bid is successful, no money will be paid.