Skip to main content


Members' Business — S6M-03994 John Mason: Scotland's Companies

Wednesday 29 June 2022 6:50 PM


That the Parliament notes the reported probable loss of independent control and headquarter function of two major Scottish companies, namely Stagecoach and John Menzies; understands that Stagecoach, which was founded in 1980, agreed a merger with National Express late in 2021 but that a fund managed by Germany’s DWS, which is part of Deutsche Bank, presented a near £600 million offer to take over the company; further understands that John Menzies, which was founded in 1883, has reached an agreement on a £571 million bid from Kuwait-based National Aviation Services; recognises what it sees as a further erosion of large thriving Scottish companies leaving the stock market, which it believes is detrimental to the nation’s standing in the corporate world; further recognises what it sees as similar high-profile examples such as McVities in the Glasgow Shettleston constituency; notes the view that Scotland needs to do all that it can to encourage large Scottish companies to keep their independence, and further notes the hope that more Scottish companies see the value of keeping control of their operations in Scotland.

To share or download a clip: Set the start of the clip by seeking the video, then click Set start point. Repeat for the End point.



A link to your download will be sent to the email address provided. Download links will be active for 24 hours.


Latest meetings: Members' Business