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FirstGroup fails to appease largest shareholder

FirstGroup fails to appease largest shareholder

FirstGroup (FGP) may have committed to selling embattled Greyhound Buses and reviewing the future of its UK rail and bus operations, but that was not enough to satisfy activist investor Coast Capital. The US-based hedge fund – which has a 9.9 per cent stake in the transport giant – said it was “appalled” that a potential exit from First Bus was being considered and renewed calls for the removal of six of FirstGroup board members, to be replaced with seven of its own selection.    

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