Nobina AB

Nobina to initiate process for future ownership change

Pressmeddelande   •   Dec 02, 2009 12:05 CET

Nobina is the largest public bus transportation operator in the Nordic region. The business comprises operations on within the Nordic area as well as express coach services. The Group serves approximately 280 million travellers per annum, making Nobina one of Europe’s ten largest companies within public transportation.

The Board of Directors of Nobina AB has decided to initiate a process to evaluate strategic alternatives, and has appointed Perella Weinberg Partners and Lazard as strategic advisors.

For further information, please contact:

Jan Sjöqvist, Chairman of the Board, Nobina, Tel: +46 705 93 40 10
Dietrich Becker, Partner, Perella Weinberg Partners, Tel: +44 207 268 2838

*All companies within the Concordia Bus Group are in the process of changing their names to Nobina, except for Swebus Express in Sweden, according to earlier press release.

About Nobina:
The Nobina Group (formerly Concordia Bus Group) is the largest public bus transport operator in the Nordic region. Nobina’s mission is to simplify everyday travelling. The business comprises operations on contracts as well as express coach services. The Group consists of the operational companies Nobina Sverige AB and Swebus Express AB in Sweden, Nobina Norge AS, Nobina Finland Oy and Nobina Danmark A/S. Serving approximately 280 million travellers per annum makes Nobina one of Europe’s ten largest companies within public transportation. During the financial year 2008/09 the Group reported net sales amounting to approximately SEK 6,1 billion and at the same time employed 7,600 people.