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Author Topic: Arriva sold by Deutsche Bahn  (Read 4972 times)
old original
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« 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
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« Reply #1 on: October 19, 2023, 13:47:06 »


From The Guardian

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 (United Kingdom), 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.
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« Reply #2 on: October 19, 2023, 17:54:13 »

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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 (United Kingdom) operations.

So how's that going to work on the Chiltern Line and the unelectrified parts of the Cross-Country network?
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« Reply #3 on: October 19, 2023, 18:22:36 »

I imagine they’re talking about their buses, not trains.
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Ralph Ayres
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« Reply #4 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.
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« Reply #5 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. Tongue
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« Reply #6 on: October 21, 2023, 22:30:16 »

I understand also based out of the Cayman Islands for tax purposes!
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« Reply #7 on: October 22, 2023, 07:46:26 »

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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 (United Kingdom) 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  Smiley  they are American after all  Grin Grin Grin Grin Grin
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