EQT AB (STO:EQT) has submitted a roughly GBP 3.7-billion ($5.03 billion/EUR 4.09 billion) bid to acquire the US operations of UK rail and bus operator FirstGroup Plc (LON:FGP) that include two contract businesses -- First Student and First Transit, Sky News reported on January 07, 2021. An infrastructure arm of the Stockholm-based investor has tabled the offer just days before Christmas, joining a small group of bidders that have remained in the auction, according to the report. KKR & Co.

Inc. (NYSE:KKR) is said to be among the contenders as well.