SHAREHOLDERS at British train and bus operator Arriva have voted in favour of German Rail's (DB) £1.6 billion offer for the company which was submitted in April. Subject to approval by the competent antitrust authorities, the deal is expected to officially go through by the end of August.
SHAREHOLDERS at British train and bus operator Arriva have voted in favour of German Rail's (DB) £1.6 billion offer for the company which was submitted in April. Subject to approval by the competent antitrust authorities, the deal is expected to officially go through by the end of August.
"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.
