Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Deutsche Bahn to announce deal to sell Arriva to I Squared on Thursday -sources

Published 10/18/2023, 03:34 PM
Updated 10/18/2023, 03:40 PM
© Reuters. Parked busses are seen at an Arriva bus bepot in Harlow as the spread of the coronavirus disease (COVID-19) continues, Harlow, Britain, April 3, 2020. REUTERS/Andrew Couldridge/ File Photo
DB1Gn
-

FRANKFURT (Reuters) - Deutsche Bahn plans to announce on Thursday the sale of its international transport business Arriva to Miami-based infrastructure investor I Squared Capital, sources told Reuters.

The two parties will sign the deal by Thursday, two people familiar with the matter said on Wednesday.

Deutsche Bahn declined to comment.

Reuters had already reported last week that the sale, at around 1.6 billion euros ($1.69 billion) including debt, would be finalised as early as Monday.

© Reuters. Parked busses are seen at an Arriva bus bepot in Harlow as the spread of the coronavirus disease (COVID-19) continues, Harlow, Britain, April 3, 2020. REUTERS/Andrew Couldridge/ File Photo

Arriva operates red London buses and train services in the UK.

($1 = 0.9491 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.