( ) -q-30- UNDATED (Correspondent Jeremy House) “company in 2010.” 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. [CutID: <Cuts> GERMANY-DEUTSCHE-BAHN-house-q-THUam.mp3 Time: 30s Title: GERMANY-DEUTSCHE-BAHN-house-q-THUam Out-cue: company in 2010] TAG: Correspondent Jeremy House reporting. Deutsche Bahn didn’t disclose […]
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U.S.-based infrastructure investor acquires Germany-owned railway operator
( ) -q-30- UNDATED (Correspondent Jeremy House) “company in 2010.”
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.
[CutID: <Cuts> GERMANY-DEUTSCHE-BAHN-house-q-THUam.mp3
Time: 30s
Title: GERMANY-DEUTSCHE-BAHN-house-q-THUam
Out-cue: company in 2010]
TAG: Correspondent Jeremy House reporting. Deutsche Bahn didn’t disclose the value of the planned sale in Thursday’s announcement. It said the transaction should be completed next year.
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VERBATIM: Deutsche Bahn is selling Arriva “to enable additional growth in rail transport in Germany and allow it to focus its resources on its core business.” 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 and Hungary among other countries. Deutsche Bahn acquired the British-based company in 2010.