Deutsche Bahn to propose sale of Arriva to German Transport Minister - report (translated)
14 JAN 2019
Deutsche Bahn (DB), the German rail operator, wants to resell its UK subsidiary Arriva, reported German daily Handelsblatt.
Without disclosing its source, the paper said DB Chief Richard Lutz will propose a sale to German Minister of Transport Andreas Scheuer at a meeting on Tuesday.
A complete sale of Arriva could raise between EUR 4bn and EUR 4.5bn.
DB Chief Financial Officer Alexander Doll wants to sell the company to investors, and is not preparing for a flotation, the report added.
The original article was published today on pages 16 and 17