The City Council announce they are looking into sale

COUNCIL leader Vivien Pengelly has declared Plymouth CityBus will not be sold unless a 'sensible' offer is put forward. Yesterday – within hours of the authority announcing that it was looking into releasing some or all of its shares in Plymouth CityBus – First Devon and Cornwall and taxi company boss John Preece both expressed interest in acquiring the company.

Plymouth CityBus' 485 staff members were told of the proposal at about 6am yesterday, just before starting work, and that they would not be affected while discussions took place. The council Cabinet will meet next week to discuss the sell-off proposals. Following a full scrutiny process, the full council will have the final decision, with the company possibly being offered for sale by the autumn.  TIN.adverts.adWriteDC('article-detail-impact-tile', '452x118');

Cllr Pengelly said: "I will say that Plymouth CityBus will not be sold unless a sensible offer is put forward.

"This process will simply see us testing the market to see what it's worth. The authority is considering its options for the future ownership of Plymouth CityBus. Those include keeping all the shares, selling some while retaining a majority shareholding or selling all the shares.

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