Statement re: Media speculation around German Rail

Summary by AI BETAClose X

Mobico Group PLC has confirmed that its German subsidiary, National Express Rail GmbH, is in advanced discussions with five German Public Transport Authorities to reach a comprehensive agreement in principle regarding rail transport services in North Rhine-Westphalia and surrounding regions. This potential agreement aims to realign contract terms and establish a sustainable business model, though it is contingent on the approval of governing bodies and the finalization of legally binding agreements, with no certainty of completion at this stage.

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Mobico Group (MCG)
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