Deutsche Bahn near deal for U.K. rail operations
Written by William C. Vantuono, Editor-in-ChiefDeutsche 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.
DB 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.
