Transport firm FirstGroup sells three Greyhound facilities for $137 million

© Reuters.

(Reuters) – British transport operator FirstGroup Plc said on Thursday it had sold three properties related to its Greyhound bus service for $137 million as it looks to cut costs from the struggling U.S. intercity business.

The company sold a garage and customer terminal facility in Los Angeles, California, and two other facilities in Denver, Colorado, FirstGroup said, adding that it had booked a profit of roughly $100 million from the sales.

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