Following the acquisition, Andrew Cornwall, the current managing director of Ventura, will remain as its CEO. He will also retain the remaining minority stake in Ventura.
The trustee-manager of KIT, on June 3, announced that it has completed the acquisition of the 97.68% stake in Ventura Motors.
Ventura Motors is the largest bus service business in Victoria, Australia. It operates some 530 routes out of the total of 1,200 routes in Melbourne.
