Arriva Group has entered into an agreement for the sale of its businesses in Denmark and Serbia, as well as its bus business in Poland to Mutares, an international financial investor – completing its strategy, launched in 2021, to focus on its core markets in the UK and Mainland Europe. The sale agreement includes the purchase ofThe entire Danish business, including the bus, water bus and rail businesses, its franchise in the car-sharing company SHARE NOW and UCplus, a nationwide education centreThe entire Serbian business, which is the second largest private operator of buses in SerbiaThe Polish bus business, which operates city-based public transport contracts in Warsaw, and regional services in the Kujawsko-Pomorskie and Pomorskie regions.The Polish rail business unit is not part of the transaction and will remain part of the Arriva Group portfolioCompletion of the transaction is expected towards the end of 2022, subject to customary closing conditions, including, amongst others, approval by the Deutsche Bahn Supervisory Board and the German Federal Ministry for Digital and Transport, as well as antitrust clearance by the respective local authorities.
Arriva Group has entered into an agreement for the sale of its businesses in Denmark and Serbia, as well as its bus business in Poland to Mutares, an international financial investor – completing its strategy, launched in 2021, to focus on its core markets in the UK and Mainland Europe. The sale agreement includes the purchase ofThe entire Danish business, including the bus, water bus and rail businesses, its franchise in the car-sharing company SHARE NOW and UCplus, a nationwide education centreThe entire Serbian business, which is the second largest private operator of buses in SerbiaThe Polish bus business, which operates city-based public transport contracts in Warsaw, and regional services in the Kujawsko-Pomorskie and Pomorskie regions.The Polish rail business unit is not part of the transaction and will remain part of the Arriva Group portfolioCompletion of the transaction is expected towards the end of 2022, subject to customary closing conditions, including, amongst others, approval by the Deutsche Bahn Supervisory Board and the German Federal Ministry for Digital and Transport, as well as antitrust clearance by the respective local authorities.
