Doughty Hanson gears up for second Spanish bus buy

Doughty Hanson, the UK private equity firm that bought Spanish bus operator Avanza in December, is considering a bid for its closest competitor.

The firm is considering a €600m ($779m) to €650m bid for Continental Auto, according to Doughty's Spanish head Francisco Gutierrez Churtichaga, who was quoted in local business newspaper Cincos Dias.

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