Australian investment bank Macquarie has put East London Bus Group up for sale. The bank bought the business from Stagecoach in 2006.
Macquarie is Australia's largest bank, and has been buying and selling large parts of the UK's infrastructure over the past decade. These deals include £8bn paid by a consortium for Britain's biggest water company, Thames, in 2006 and £790m paid for National Car Parks (NCP) in 2007.
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