Arriva has announced that it has agreed to be taken over by German state railway Deutsche Bahn in a deal worth £1.59bn.
Deutsche Bahn believes that there is strong strategic logic for a combination of the two businesses.
The combined group will be a truly international transport and logistics business, being one of the leading passenger transport groups in Europe with operations in more than 12 countries, with the necessary scale, knowledge and experience to ensure effective...
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