Deutsche Bahn exploring sale or public listing of Arriva

epa02282552 (FILE) A file photo of a Arriva bus in Tamworth, Staffordshire, Britain, 19 March 2010. The European Union?s executive on 11 August 2010 approved the takeover by German rail company Deutsche Bahn (DB) of British transport operator Arriva as long as DB sells off all of Arriva?s German operations. The deal is worth 2.8 billion euros (3.7 billion dollars). Arriva, based in Britain, runs rail, bus and train services in 12 EU states and claims to provide more than 1 billion passenger journeys a year. EPA/LEE SANDERS UK AND IRELAND OUT *** Local Caption *** 00000402085538

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German railway operator Deutsche Bahn said on Wednesday it will explore a sale or public listing of its British unit Arriva, adding this would enable the group to lower debt and free up cash for growth investments.

Reuters reports Deutsche Bahn saying that management has been tasked with exploring a sale of up to 100 percent of Arriva to one or several investors or an initial public offering.

Via Reuters

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