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FirstGroup asks shareholders to back sale of units as top investor opposes

May 18 (Reuters) - Britain’s FirstGroup recommended that its shareholders back the $4.6 billion sale of two North American bus businesses to Swedish private equity firm EQT Infrastructure, after the company’s top investor Coast Capital urged against it.

“The sale followed a comprehensive and competitive process in order to seek the best possible price for First Student and First Transit, which was well-publicised for more than a year,” the transport operator said in a statement on Tuesday.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Amy Caren Daniel

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