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Dan Transportation Nears Deal to Acquire Tnupha Bus Company
Dan Transportation is in advanced talks to acquire Tnupha, a bus company, for an estimated NIS 150 million. The deal, if completed, would significantly expand Dan's fleet to around 3,500 buses. However, the acquisition faces potential hurdles due to opposition from Tnupha's partners.
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What happened
- 01Dan Transportation is nearing a deal to acquire Tnupha for approximately NIS 150 million.
- 02The acquisition would increase Dan's bus fleet to around 3,500 vehicles.
- 03Tnupha operates bus routes in the Jerusalem and Samaria regions.
- 04The deal's completion is uncertain due to opposition from Tnupha's partners.
- 05Dan recently purchased Messi'ei Shasha for NIS 180 million.
This move follows Dan's recent purchase of Messi'ei Shasha and comes as Ariel's mayor advocates for better local transit.
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