Germany’s national railway company Deutsche Bahn has completed the sale of the Arriva Group to US-based investment company I Squared Capital.
The company said the sale of Arriva – which operates train and bus networks across 11 European markets – would allow it to focus on its core business in Germany.
The transaction was initiated in October 2023 and has now met closing conditions and received approval from the relevant regulatory authorities.
Deutsche Bahn said in a statement that, together with Arriva, it “has successfully stabilised 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…