UK bus and rail operator Arriva bought by US private equity firm
by Kalyeena Makortoff from on (#6FPPR)
Deutsche Bahn offloads company to I Squared in deal worth 1.4bn, three years after putting it up for sale
The London red bus operator Arriva has been snapped up by US infrastructure investor I Squared in a deal believed to be worth about 1.6bn (1.4bn).
Arriva was put up for sale in 2019 by its German owner, Deutsche Bahn, which had originally sought to offload the company to reduce its own debts.
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