Stagecoach sets up new scheme for members affected by sell-off

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TRANSPORT group Stagecoach is setting up a new pension scheme for members affected by the sale of its London bus operations.

Stagecoach has sold the business to Australia’s Macquarie Bank for £263.6m and will use part of the proceeds to set up the new scheme. In March, PP reported that the firm was in talks with sche...

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