StockMarketWire.com - Bus company Rotala said it had sold its freehold depot at Avonmouth, Bristol to property investor Umberdata Avonmouth for £2.1m.

Around £1m of the proceed would be used to cut debt, with remaining cash available for future re-investment or potential acquisitions.

The company also said it had take out fuel hedge contracts amid recently price volatility.

The contracts for the year through November 2019 were expected to cover around 52% of company fuel requirements for that year, at an average price of 101p per litre.




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