DB Supervisory Board instructs Management Board to explore options for sale of Arriva
Sale of Arriva would help to limit the increase in DB's debt
At its regular meeting in Berlin on Wednesday, the Supervisory Board of Deutsche Bahn AG instructed the Management Board of the company to explore options for selling Arriva. Arriva, a passenger transport operator and wholly owned subsidiary of Deutsche Bahn, is headquartered in the United Kingdom. Deutsche Bahn acquired 100% of the shares in Arriva in 2010. Last year, Arriva generated revenues of EUR 5.44 billion with a workforce of 53,000 people (full-time employees) in Europe.
The Supervisory Board instructed the Management Board today to assess the option of selling up to 100% of the shares in Arriva to one or more investors, and the option of an IPO. As DB reported, the options for a sale of Arriva would help to limit the increase in DB's debt, while also putting Arriva in a position to generate further financial opportunities for growth.
The Management Board will provide the Supervisory Board with regular updates throughout the process.