ComfortDelgro in $69m Canberra bus deal

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http://motoring.asiaone.com/Motoring/News/Story/A1Story20120803-363077.html

ComfortDelgro Corporation is expanding its operations in Australia with a proposed A$53- million (S$69-million) acquisition of a private regional bus company which operates in Canberra.

The acquisition involves Deane's Bus Lines Pty Ltd and Transborder Express - both part of Deane's Transit Group - and will be carried out through its 51 per cent-owned subsidiary, ComfortDelGro Cabcharge.