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Metro operator confirms Arriva bid

The new German operator of the Tyne and Wear Metro has confirmed that it has made a bid for Wearside transport giant Arriva.

Deutsche Bahn issued a statement on Thursday confirming that it had made an approach to Arriva regarding a possible cash offer.

Discussions are ongoing and there can be no certainty that any offer will be made, it said.

Deutsche Bahn was founded in 1994 and today is one of the world’s largest passenger and logistics companies and operates in 150 countries.

The company’s core business is the railway in Germany with more than five million daily customers in the passenger transport segment, and a million tons of freight shipped via rail.

Later this year it will take over the running of the Metro on behalf of Nexus.

Sunderland-headquartered Arriva runs buses in Britain and across Europe and also has two UK rail franchises, yesterday confirmed it had received an “unsolicited approach from a third party”.

The company runs bus services in 11 European countries as well as the UK plus the CrossCountry and Arriva Trains Wales rail franchises.

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