National Express rights issue to be agreed -FT

LONDON, Nov 26 (Reuters) - A rights issue by National Express (NEX.L: Quote, Profile, Research) will be "resoundingly agreed" in spite of opposition from the company's largest shareholder, the Financial Times reported in its Thursday editions.

John Devaney, chairman of the transport group, told the FT in an interview that the 360 million pound rights issue will agreed by Friday's extraordinary meeting.

National Express and Spain's Cosmen family, which owns 19 percent, have been at loggerheads over strategy for months.

"We are all adults and we're determined to keep the company stable in the interest of shareholders and our 40,000 employees," Devaney told the FT.

For more on National Express, click on [ID:nLB075029]

(Reporting by Michael Taylor; Editing by Bernard Orr)

((michael.taylor@reuters.com; +44 207 542 0919; Reuters messaging: michael.taylor.reuters.com@reuters.net))