DB - Deutsche Bahn AG

06/03/2024 | Press release | Distributed by Public on 06/03/2024 08:23

Deutsche Bahn completes Arriva sale

Deutsche Bahn completes Arriva sale

06/03/2024 05:00 Category: News Deutsche Bahn AG DB Group

Deutsche Bahn completes Arriva sale and advances focus on core business.

(Berlin, June 3, 2024) Deutsche Bahn AG (DB AG) has completed the sale of Arriva Group to I Squared Capital, a leading independent global infrastructure investor. The transaction was initiated with the signing of the purchase agreement in October 2023 and has since met the usual closing conditions and received final approval from the relevant regulatory authorities.

Dr. Levin Holle, CFO of DB AG: "We measure the DB Group's major international investments by their contribution to our Strong Rail strategy. Where it makes sense, we adapt our business portfolio step by step. The now completed sale of Arriva is strategically driven and is strengthening our focus on rail transport in Germany."

In recent years, Deutsche Bahn, together with Arriva, has successfully stabilized the business after the Covid-19 pandemic and created the conditions for a sustainable growth strategy focused on the relevant markets. I Squared Capital will support Arriva in its future growth path.