|
Title: Arriva sold by Deutsche Bahn Post by: old original on October 19, 2023, 13:12:26 ...to US infrastructure investor company, I Squared. Same company that tried to buy First last year
https://www.msn.com/en-gb/money/companies/uk-bus-and-rail-operator-arriva-bought-by-us-private-equity-firm/ar-AA1ivj5w?ocid=msedgntp&pc=ASTS&cvid=a18273619f404b558f3ad5bc13b3be17&ei=13 Title: Re: Arriva sold by Deutsche Bahn Post by: grahame on October 19, 2023, 13:47:06 ...to US infrastructure investor company, I Squared. Same company that tried to buy First last year https://www.msn.com/en-gb/money/companies/uk-bus-and-rail-operator-arriva-bought-by-us-private-equity-firm/ar-AA1ivj5w?ocid=msedgntp&pc=ASTS&cvid=a18273619f404b558f3ad5bc13b3be17&ei=13 From The Guardian (https://www.theguardian.com/business/2023/oct/19/uk-bus-rail-operator-arriva-deutsche-bahn-i-squared) Quote Arriva, which is headquartered in Sunderland and employs more than 34,000 people, operates bus and rail services across 10 European countries including the UK, where it is one of the largest train operators and runs a 4,700-strong fleet of buses across the country including some of London’s doubledecker red buses. It operates the London Overground rail network, as well as the Chiltern Railways and CrossCountry franchises and has more than 18,800 staff in the UK. A spokesperson for I Squared – which is headquartered in Miami – said the US private equity firm had committed €2bn to expand and electrify Arriva’s fleet after its takeover, with a significant portion of those funds expected to be spent on its UK operations. Title: Re: Arriva sold by Deutsche Bahn Post by: eightonedee on October 19, 2023, 17:54:13 Quote A spokesperson for I Squared – which is headquartered in Miami – said the US private equity firm had committed €2bn to expand and electrify Arriva’s fleet after its takeover, with a significant portion of those funds expected to be spent on its UK operations. So how's that going to work on the Chiltern Line and the unelectrified parts of the Cross-Country network? Title: Re: Arriva sold by Deutsche Bahn Post by: IndustryInsider on October 19, 2023, 18:22:36 I imagine they’re talking about their buses, not trains.
Title: Re: Arriva sold by Deutsche Bahn Post by: Ralph Ayres on October 19, 2023, 22:41:44 I imagine they’re talking about their buses, not trains. ...which might be an illustration of how remote the investors are from the company they're buying, or maybe just a poorly-worded press release or sloppy journalism. Title: Re: Arriva sold by Deutsche Bahn Post by: JayMac on October 19, 2023, 23:17:28 Or perhaps there's a concrete plan to fully electrify the CrossCountry and Chiltern networks and procure suitable rolling stock.
My apologies. I'm on strong pain medication at the moment. Degraded capacity for rational thoughts. :P Title: Re: Arriva sold by Deutsche Bahn Post by: trainbuff on October 21, 2023, 22:30:16 I understand also based out of the Cayman Islands for tax purposes!
Title: Re: Arriva sold by Deutsche Bahn Post by: Electric train on October 22, 2023, 07:46:26 Quote A spokesperson for I Squared – which is headquartered in Miami – said the US private equity firm had committed €2bn to expand and electrify Arriva’s fleet after its takeover, with a significant portion of those funds expected to be spent on its UK operations. So how's that going to work on the Chiltern Line and the unelectrified parts of the Cross-Country network? Diesel electric traction instead of diesel mechanical :) they are American after all ;D ;D ;D ;D ;D This page is printed from the "Coffee Shop" forum at http://gwr.passenger.chat which is provided by a customer of Great Western Railway. Views expressed are those of the individual posters concerned. Visit www.gwr.com for the official Great Western Railway website. Please contact the administrators of this site if you feel that content provided contravenes our posting rules ( see http://railcustomer.info/1761 ). The forum is hosted by Well House Consultants - http://www.wellho.net |