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Deutsche Bahn buys Arriva for £1.59bn

Deutsche Bahn buys Arriva for £1.59bn

22 April 2010 Rail & Coach News

Deutsche Bahn is to buy UK train and bus operator Arriva for £1.59bn in a deal that will create one of Europe’s largest transport groups. The move comes as part of the German group’s plans to expand beyond its domestic market, as well as a shift towards consolidation within European transport.

Eurostar undergoes boardroom reshuffle

Eurostar undergoes boardroom reshuffle

14 August 2009 Rail & Coach News

Eurostar is undergoing a boardroom reshuffle, thought to be connected with its new ownership restructure. The promotion of Frenchman Nicolas Petrovic to chief executive, replacing Briton Richard Brown, is seen to appease a new proposal that will see the French reduce their stake in the high-speed train operator from 62% to 55%.