Mobico Group (MCG): Possible offer

This situation live

MCG Mobico Group

£246m · 40.4p · +36% since the first step

21 Oct 2026 · approach · +3% since The Mobico Independent Directors have carefully evaluated the Proposal together with its advisers and considers it to be at a value that it is minded to recommend to Mobico shareholders.

Takeover target

Possible offer

approach

Offer46p in cash

Premium+55% on 29.7p

Spread now+13.9% to the offer

As of 21 Oct 2026 ↗

Every step · 1

21 Oct 2026 approach – The Mobico Independent Directors have carefully evaluated the Proposal together with its advisers and considers it to be at a value that it is minded to... ↗

What is happening

Mobico Group: Possible offer – approach. ['approach']

In short: A bidder has made a possible offer for Mobico Group at 46p in cash, a premium of 55% on 29.7p.
Announced: 21 Oct 2026 · approach · 46p

Briefing

Mobico Group in 4 minutes

Mobico runs buses, coaches and trains in Spain, the UK, the US, Germany, North Africa and the Middle East. Its Spanish business, Alsa, keeps setting records, while UK coach, US contracts and German rail have cost it...

Act 1Sales grew, profit did not
Act 2Selling the school buses to cut debt
Act 3Two bad contracts, one fixed

Read the briefing →

From the company's own announcements. Not investment advice.

Also at Mobico Group 4 open

Disposal of a part (break-up)UK Bus asset monetisation – Agreement in principle; completion expected November 2026 Turnaround plan with targetsGroup cost reduction programme – On track; target now £100m annualised savings Balance-sheet stress / refinancingLeverage reduction options review – Advisers evaluating options; update in H2 2026 Legal & regulatoryWMATA contract dispute – WMATA terminated contract 12 May; litigation ongoing Upgrade / downgrade cycleResults ahead of expectations – ahead of expectations · closed Mobico Group – company page →