Partner Article

Arriva timetable running late

THE proposed £1.6bn takeover by Deutsche Bahn of North East transport giant Arriva has been delayed by a week, following discussions with the European Commission.

Notification of the deal for the bus and train operator will now be submitted on 22 June, and the scheme of arrangement is expected to become effective - once everything is agreed by all necessary parties - on 27 rather than 20 August.

The company has warned that the dates could still change, although Deutsche Bahn said it was confident that competition conditions will be satisfied “in a timely manner.”

The combined company would be Europe’s number one passenger transport company, with more than 3bn bus and rail journeys a year. Arriva shares have dipped 1p to 766.5p on the news.

This was posted in Bdaily's Members' News section by Ruth Mitchell .