Latest News by Industry
Germany's Deutsche Bahn sells European subsidiary Arriva to infrastructure investor I Squared
Germany’s state-owned railway operator, Deutsche Bahn, says it has agreed to sell its European public transport subsidiary, Arriva, to U.S.-based infrastructure investor I Squared Capital
BERLIN (AP) — Germany's state-owned railway operator, Deutsche Bahn, said Thursday that it has agreed to sell its European public transport subsidiary, Arriva, to U.S.-based infrastructure investor I Squared Capital.
Deutsche Bahn didn't disclose the value of the planned sale. It said the transaction should be completed next year. The company is selling Arriva “to enable additional growth in rail transport in Germany and allow it to focus its resources on its core business.”
Arriva has about 35,500 employees and operates in 10 European countries. It has bus and train units in the U.K. and also has operations in the Netherlands, the Czech Republic, Croatia, Hungary, Italy, Poland, Slovakia, Slovenia and Spain.
Deutsche Bahn acquired the British-based company in 2010. Arriva businesses in “non-core markets," including Sweden and Portugal, already have been sold.