Page last updated at 17:48 GMT, Wednesday, 17 March 2010

Arriva shares up on takeover bid

[an error occurred while processing this directive]

Shares in transport group Arriva rose by 17% on Wednesday after it confirmed it had received its second takeover approach in as many months.

The bus and trains group refused to name the bidder, but there are rumours that it has come from Deutsche Bahn.

Sunderland-based Arriva confirmed early in March that merger talks with France's state railway SNCF had ended.

The latest rise comes after shares increased by 3% on Tuesday amid rumours of a possible 700p-a-share bid.

In London, Arriva's shares were up 97.5 pence to 677 pence - a new year high.

Singaporean firm ComfortDelGro, operator of London's Metroline bus company, has also been mentioned as a possible bidder.

Arriva bus
Arriva operates in a number of European countries

"There can be no certainty that any offer will be forthcoming," Arriva said.

"A further announcement will be made when appropriate."

Arriva describes itself as "one of the largest transport services organisations in Europe".

According to its website it employs more than 44,000 people and delivers more than one billion passenger journeys across 12 European countries every year.

It has operations in UK, Czech Republic, Denmark, Holland, Germany, Spain, Sweden, Poland, Portugal, Italy, Hungary and Slovakia.

The firm operates bus services in many major conurbations in England, Scotland and Wales, while its UK train operations include Cross Country in England and Scotland and the majority of passenger rail service in Wales.

Print Sponsor

Bus drivers vote for strike day
03 Mar 10 |  Mid Wales
Arriva bus drivers vote to strike
01 Mar 10 |  Mid Wales
Legal action thwarts bus strike
21 Oct 08 |  London
Bus services resume after strike
07 May 08 |  Merseyside
Bus drivers strike over pay deal
02 Jul 06 |  England

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific