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. Deutsche Bahn didn’t disclose the value of the planned sale in Thursday's announcement. It said the transaction should be completed next year.
FILE - The logo of Arriva, the Deutsche Bahn’s European public transport subsidiary, is seen on a bus as the driver, wearing a protective mask and gloves due to the Coronavirus outbreak, gives the thumbs up, in London, Sunday, March 29, 2020. Germany’s state-owned railway operator, Deutsche Bahn, said Thursday, Oct. 19, 2023, that it has agreed to sell its European public transport subsidiary Arriva, to U.S.-based infrastructure investor I Squared Capital.
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.
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