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Scottish independence-supporting bus tycoons sell off Stagecoach stake


Scottish independence-supporting bus tycoons sell off Stagecoach stake
Sir Brian Souter and Dame Ann Gloag, who grew up on council estate in Perth, rank among Scotland s richest people
28 April 2021 • 3:47pm
The Scottish siblings who made hundreds of millions of pounds capitalising on Margaret Thatcher’s privatisation of the bus market are to bow out of the sector after more than four decades in business.
Sir Brian Souter and Dame Ann Gloag, who launched Stagecoach in 1980 by running second-hand buses between Scotland and London, have begun the sell-off of their 27.1pc stake in the FTSE 250 group.
The pair, who grew up on a council estate in Perth, intend to reduce their combined shareholding to 5pc over the next 10 years. ....

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