Glenvale Transport - Fate

Fate

On numerous occasions, rival transport operator Stagecoach had made bids for some or all of the companies making up the former MTL Trust Holdings Group. GTL had put itself on the open market, with bids for the company submitted by open tender. After several bids by other potential buyers, GTL accepted a reported £3.4M cash on 13 July 2005 by Stagecoach, an offer which also agreed to absorb GTL's debt of approximately £7m.

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