ComfortDelGro Corporation is buying a portion of FirstGroup's London bus business and assets for £57.5mil (S$109.0mil) as it seeks to expand its operations in London. The acquisition, which is subject to the necessary regulatory approvals including contractual obligations with Transport for London. The acquisition, which is not expected to have any material impact on the NTA pershare and EPS of the Group for the current financial year, will be funded by internal funds and bank borrowings.

Source: The Business Times / Bloomberg / Straits Times