Monday, April 19, 2010

Deutsche Bahn near deal for U.K. rail operations

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Deutsche Bahn (DB) reportedly is close to completing a takeover bid of British transport group Arriva for £1.6 billion ($2.4 billion), and may complete the move as early as this week.


deutsche_bahn_logo.jpgDB last month acknowledged its attempt to acquire the company; representatives from Arriva have declined to comment on the matter.

DB already has a substantial presence outside its traditional domain within Germany, including its operation of the Chiltern Railways route between London and Birmingham; DB also runs rail freight operations in Britain under subsidiary Deutsche Bahn Schenker.