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FirstGroup Completes Buy-in of GBP90 Million Group Section Pension Liabilities
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05:41 AM EDT, 09/28/2026 (MT Newswires) -- FirstGroup (FGP.L) finalized a buy-in covering 90 million pounds sterling of Group Section pension liabilities, drawing on an escrow of 22 million pounds. The British public transport operator said Monday that 17.5 million pounds from the Group Section escrow has been returned, while 2.1 million pounds was applied towards the buy-in premium. The remaining 2.7 million pounds has been kept to cover legal and advisory costs and to convert the buy-in into a buy-out in the near term. FirstGroup also holds 44 million pounds in escrow related to the Bus Section.
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