National Express owner Mobico falls into Spanish hands after agreeing £308m takeover

Mobico, the owner of National Express, has agreed to a £308m takeover by the Spanish company Autobuses de Leon. This deal marks another British firm being taken private by a foreign buyer. Following the announcement from company bosses this morning, shares in Mobico jumped by more than a tenth. The agreement ensures that the transport group will fall into Spanish hands, reflecting a significant shift in ownership for the parent company of the National Express brand.