Aircoach firm FirstGroup faces revolt over €3.7bn sale plan in North America        

The biggest investor in FirstGroup — which in Ireland operates airport services — renewed its demand that shareholders of the transport operator reject the company's sale of two North American bus businesses, and proxy advisory firm Glass Lewis joined in the opposition.

The $4.6bn (€3.75bn) sale of First Student and First Transit to Swedish private equity firm EQT has triggered a shareholder rebellion after Coast Capital opposed the deal over concerns it undervalued the assets.