FIRST Choice, TUI and bank ABN Amro have all been
tipped as likely bidders for coach operator Wallace Arnold, which has been put
on the market for £60 million.
Venture capitalist 3i, which has a
majority shareholding in Wallace Arnold, has confirmed it wants to sell the
stake after being approached by possible buyers just before Christmas.
A spokeswoman for 3i said: “I can confirm Wallace
Arnold is for sale. From our perspective it is a well-managed business
operating in a niche in the leisure industry.”