Deutsche Bahn have approval from the EU to take over Arriva suject to them getting rid of the Arriva operations in Germany.
News here:
http://www.railwaygazette.com/news/single-view/view/10/ec-approves-dbs-takeover-of-arriva.html
From the Arriva press release:
"Welcoming the announcement, Arriva told the London Stock Exchange that Court hearings ‘to sanction the Scheme and confirm the associated reduction in capital’ would take place on August 24 and 26. Subject to the ‘satisfaction or waiver’ of any remaining conditions, the takeover will become effective on August 27."
Calv
News here:
http://www.railwaygazette.com/news/single-view/view/10/ec-approves-dbs-takeover-of-arriva.html
From the Arriva press release:
"Welcoming the announcement, Arriva told the London Stock Exchange that Court hearings ‘to sanction the Scheme and confirm the associated reduction in capital’ would take place on August 24 and 26. Subject to the ‘satisfaction or waiver’ of any remaining conditions, the takeover will become effective on August 27."
Calv
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