"We have reached a major milestone on the road to the merger," says Mr Rüdiger Grube, CEO of DB. "With the successful bus and rail services operated by Arriva in 12 European countries, DB will enter a new dimension of passenger transport. This paves the way for DB passenger transport on a European scale."

Arriva will be delisted from the London Stock Exchange and continue as an independent, wholly-owned subsidiary of DB UK. However, the Arriva brand will be retained outside of Germany.