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OCTOBER 2018

Arriva Bus Depot
Arriva bus depot
Wikipedia

31 Oct 2018

Listing plan for public transport firm

The German owner of Arriva could decide to float the public transport firm on the stock exchange.

State-owned railway group, Deutsche Bahn, is mulling the idea to raise extra cash as its debt pile grows; it is now nearly £18 billion.

Deutsche Bahn originally planned to float both Arriva — based in Sunderland, Tyne and Wear — as well as its logistics arm, Schenker, in 2016, with the aim of raising £4 billion. After the UK voted to leave the EU, however, it chose to shelve the proposal, saying it would be ‘throwing money out of the window’.

Chief executive, Richard Lutz, said: ‘It may well be that these old plans are put back on the table.’

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