Ritchies Transport denies Aussie sales speculation

Ritchies Transport, owner of Ritchies tour and school buses and a significant shareholder in the Intercity tour bus network, has played down reports it is seeking a private equity or pension fund buyer.Managing director Glenn Ritchie told BusinessDesk it had “not solicited or received” any offers for the company to date, after the Australian Financial Review (AFR) last week reported the family-owned firm had enlisted investment banking firm Cameron Partners to help it find a buyer.The AFR report suggested that Ritchies was a good ta...