News

FIRST Choice, TUI and bank ABN Amro have all been tipped as likely bidders for coach operator Wallace Arnold, which has been put on the market for £60 million.

Venture capitalist 3i, which has a majority shareholding in Wallace Arnold, has confirmed it wants to sell the stake after being approached by possible buyers just before Christmas.

A spokeswoman for 3i said: “I can confirm Wallace Arnold is for sale. From our perspective it is a well-managed business operating in a niche in the leisure industry.”