Germany’s Deutsche Bahn to divest UK’s Arriva unit for $5.2 bln

01/14/2019 12:33:00 PM (GMT)

German railway company Deutsche Bahn plans to plug its financing gap via the divestment of its UK-based public transport unit, Arriva international.

The divestment of Arriva could secure between 4 billion to 4.5 billion euros ($4.6 billion to $5.2 billion).

The deal is subjected to Deutsche Bahn’s supervisory board over the idea of selling Arriva.

In 2017, Deutsche Bahn generated $48.9 billion in revenue.

Deutsche Bahn

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