Business · Companies · 2 hrs ago
Mobico in talks over £282m takeover proposal from Spain’s AdL
Mobico, which owns National Express, is in talks over a £282m takeover proposal from Spanish transport company Autobuses de Leon.
AdL has proposed paying 46p for each Mobico share, a price about 56% above the previous closing price.
Mobico’s board is minded to recommend the deal to shareholders if AdL makes a formal offer.
No firm offer has been made, and Mobico says there is no certainty one will follow.
Shareholders are being advised to take no action while the talks continue.
AdL is backed by CMC Group, Mobico’s largest shareholder, which owns about 26% of the company.
The proposal comes as Mobico has sold parts of its business, including its US school bus arm and its remaining UK regional bus operator.
Mobico, the parent company of National Express, said it is in talks over a proposed £282 million takeover by Spanish transport company Autobuses de Leon.
AdL has proposed buying Mobico for 46p per share.
Mobico said it is minded to recommend the deal to shareholders if AdL makes a formal offer.
The company warned that there is no certainty a firm offer will be made and advised shareholders to take no action.
Mobico shares rose around 33% to 39.5p after the talks were confirmed on Wednesday morning.
- Who
- Mobico, the National Express parent company, and Autobuses de Leon, the proposed buyer.
- What
- AdL has proposed a £282 million takeover of Mobico at 46p per share. Mobico is in talks and is minded to recommend the deal if a formal offer is made.
- When
- The talks were confirmed on Wednesday morning; the articles were published on 21 October 2026.
- Where
- Mobico is based in Birmingham. AdL is a Spanish transport company.
- Why
- Not stated
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Proposed deal value
- £282 million
- Proposed price
- 46p per share
- Share-price rise
- Around 33% to 39.5p
- Buyer
- Autobuses de Leon (AdL)
- AdL backer
- CMC Group, Mobico’s largest shareholder, with a roughly 26% stake
- Mobico headquarters
- Birmingham
3 sources
What people are saying
This announcement does not amount to an announcement of a firm intention to make an offer
There can be no certainty that any firm offer for Mobico will be made. Mobico shareholders are advised to take no action in relation to the proposal