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Arriva talks break down

Talks between North East transport group Arriva and French railway operator SNCF over a possible acquisition, have ended without a deal being met.

The Sunderland firm had entered talks with SNCF over the possibility of taking over, or joining forces with its transport-based subsidiary Keolis.

Keolis operates passenger transport systems for in eight European countries as well as Algeria, Australia and Canada.

A deal would have boosted the company’s plans for European expanion which it revealed this week as it announced a 19% dip in annual profits.

However, the company today said that “no agreement was reached and all discussions have now ceased.”

Arriva runs services in 11 mainland European countries as well as the UK.

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