TITLE

Profitable DB continues to expand

PUB. DATE
May 2010
SOURCE
Railway Gazette International;May2010, Vol. 166 Issue 5, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article announces the acquisition by Deutsche Bahn (DB) of Arriva plc, a British rail and bus operator, as part of its push for market domination. Under the terms of the agreement, DB will pay 7.75 British pounds per share and will take on the 835 million British pounds debt. DB has promised to divest the whole German activities of Arriva. The acquisition will still need the approval of both German and European Union competition authorities. The annual financial results of DB for 2009 are presented.
ACCESSION #
52569967

 

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