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FirstGroup shares rebound after completing £48M sale of Mistral Data to Tracsis.

Company Fundamentals
24 Aug 2026
Proactive Investors
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Bullish
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FirstGroup PLC's shares initially fell nearly 7% on Monday but recovered after confirming the completion of the £48 million sale of its Mistral Data Limited division to Tracsis PLC. The sale, first announced on July 29, was finalized on August 23 with payment received subject to adjustments. Additionally, FirstGroup continued its share buyback program, purchasing 1.65 million shares last week, which supports shareholder value. This transaction and buyback activity indicate FirstGroup's strategic moves to optimize its portfolio and return capital to shareholders.

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