Stagecoach is considering a takeover of the UK's largest bus company, Arriva, after it has gone on sale
- According to city sources, Stagecoach is interested in buying the bus activities from Arriva
- Arriva is offered for sale by the German transport giant Deutsche Bahn
- The company has more than 5,000 buses in Great Britain and has divisions throughout Europe
Stagecoach is considering bidding on some or all rival Arriva, the UK's largest bus provider.
According to city sources, the FTSE 250 transport giant is primarily interested in purchasing Arriva & # 39; s bus activities.
London Overground operator Arriva – purchased in 2010 for £ 1.5 billion – has been offered for sale by the German transport giant Deutsche Bahn.
Stagecoach is considering bidding on some or all rival Arriva, the UK's largest bus provider
In the United Kingdom, Arriva runs the northern French rail franchise, which has been hit by a long-term dispute with the RMT union about the role of guards in trains.
Arriva, with more than 5,000 buses in Great Britain, also has divisions throughout Europe.
Last year, Arriva, which provides all Deutsche Bahn regional transport services outside of Germany, generated a turnover of € 5.44 billion (£ 4.7 billion).
Deutsche Bahn had watched Arriva's sale in 2016, but delayed the removal due to the unexpected Brexit referendum result.
The German group wants to relieve Arriva to help manage its growing debt. An investment of € 1 billion (£ 860 million) in new high-speed trains brought its debts to € 20 billion (£ 17 billion) last fall.
Stagecoach declined to comment.