Thursday 17 October 2019

German rail firm examines sale of UK-based subsidiary Arriva

A decision on whether to go ahead with a sale of the wholly-owned subsidiary is expected in September.

An Arriva train in Cardiff (Ben Birchall/PA)
An Arriva train in Cardiff (Ben Birchall/PA)

By Associated Press Reporters

German rail company Deutsche Bahn says it is examining the sale of UK-based subsidiary Arriva.

Deutsche Bahn said in a statement that its supervisory board has asked management to pursue “various options” for a sale.

Based in Sunderland, Arriva operates train and bus services in 14 European countries.

Arriva had a turnover of 5.44 billion euros (£4.62 billion) last year and employs about 53,000 people across Europe.

A decision on whether to go ahead with a sale of the wholly-owned subsidiary is expected in September.

Deutsche Bahn, which itself is owned by the German state, said a sale would help limit its debts and give Arriva room to grow.

PA Media

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