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17 June: news in brief

Arriva bidders

THREE potential bidders for Deutsche Bahn subsidiary Arriva have emerged. Arriva, which was a British company until 2010, operates the Chiltern Railways, Northern and CrossCountry franchises and also a number of bus companies. The companies who are reported to have shown an interest are investment bank Goldman Sachs, private equity firm I Squared Capital and one of the owners of Canary Wharf in London Docklands, US-based Brookfield. DB is trying to reduce its debt mountain of some €20 billion, and is expected to realise some €3 billion from the sale.

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