Source: BBC News
Deutsche Bahn agrees Arriva deal
UK train and bus operator Arriva has agreed to be taken over by Germany's Deutsche Bahn in a deal worth £1.59bn.
The deal is set to create one of Europe's biggest rail and bus transport groups.
Deutsche Bahn runs Germany's national rail services, as well as Chiltern Railways and rail freight services in the UK.
Arriva runs rail and bus services in 12 European countries, including Arriva Trains Wales in the UK.
Deutsche Bahn's chief executive Rudiger Grube said he expected the deal to help his company expand further in Europe, targeting Europe's "increasingly liberalised and fast-growing transport markets" which he said were "of strategic interest to Deutsche Bahn".
Deutsche Bahn agrees Arriva (UK) deal
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