Rotala offloads Bolton depot to Greater Manchester Combined Authority

7th Jul 2023 14:05

(Sharecast News) - UK bus operator Rotala has successfully fulfilled all remaining requirements under the Bolton Depot Purchase Agreement, it announced on Friday.

As a result, it has completed the disposal of its Bolton Depot, along with its related fixtures, fittings, plant, and machinery, to the Greater Manchester Combined Authority (GMCA).

"On 1 June, the company announced that it had conditionally exchanged the Bolton Depot Purchase Agreement in respect of the depot disposal, subject to receiving shareholder approval at a general meeting, and receiving landlord's consents," the board explained in its statement.

"Both the requisite shareholder approval at the general meeting, and the landlord's consents, have now been obtained."

At 1342 BST, shares in Rotala were up 3.15% at 45.9p.

Reporting by Josh White for Sharecast.com.