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.
Published
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.
