Guardian – The US activist investor seeking a boardroom shakeup at National Express has claimed the support of the public transport group’s second largest shareholder, the Cosmen family.
The surprise announcement comes only a week after National Express implied that it had the full support of the Spanish family, which is represented on the board by deputy chairman Jorge Cosmen. However, Elliott Advisors, the US hedge fund that owns 17.5% of National Express, said that it expected the Cosmens to back its plan to appoint three new non-executive directors to the group’s board.
