Australia’s bus company is considering making a last-minute offer to compete with Britain’s Go-Ahead.

(Reuters) -The British bus company, Go-Ahead Group PLC, agreed to be bought out for 647.7 million pounds ($789 million) by another Australian group. This set the stage for a bidding war between two Australian groups.

Go-Ahead runs buses in a number of cities in England, including London, as well as in Ireland and Singapore. It backed Kinetic Holding Co.’s plan to buy it out, which led Kelsian to say on Tuesday that it was also in talks with the British company and might make a bid.

Kelsian said in a statement that if it made an offer, it could use its expertise in safety, operational efficiency, digital, reducing carbon emissions, and working in the UK to boost and speed up Go-growth. Ahead’s

“Kelsian is still carefully weighing the chances,” it said. Even though Go-Ahead said it would accept Kinetic’s offer, Kelsian told the shareholders of the British company not to do anything.

Kellian’s announcement makes it more likely that there will be a bidding war that spans several continents. This is because transportation companies are betting on a rebound in the privatised British bus sector, which has government contracts that last for many years and don’t depend on the number of passengers.

Even though Kinetic is based in Australia, it is partly owned by the Ontario Public Service Employees Union in Canada. Its partner in its bid for the British company is the Spanish investor, Globalvia Inversiones SA, which invests in transportation infrastructure.

Go-stock Ahead’s has taken a beating in recent months, including a two-month suspension from trading on the London Stock Exchange, after the company admitted to overcharging Britain’s Department of Transport for rail contracts. This makes the stock more appealing to buy.

On Monday, the shares went up 12.4%, but Kelsian’s shares that are traded in Australia were down 4.7% at the middle of the trading day on Tuesday. This was in line with a wider market sell-off caused by fears of rising inflation around the world.

Even though people are afraid, they still want to buy out the British bus industry. In March, National Express Group PLC lost out to DWS Infrastructure in a bid to buy bus company Stagecoach Group PLC.

I Squared Capital, a private equity firm, tried to buy British bus and train company FirstGroup PLC earlier this month, but FirstGroup said no.

1 dollar equals 0.8214 pounds.