Source: eKapija | Wednesday, 05.10.2022.| 10:34
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Second Biggest Private Bus Operator in Serbia, Arriva Litas, Sold

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Illustration (Photo: s_oleg/shutterstock.com)
Arriva Group, the European provider of passenger transport services, has reached an agreement on the sale of its Danish company Arriva Denmark A/S and the Serbian company Arriva Litas doo, as well as its bus operations in Poland, Arriva Bus Transport Polska Sp z o.o. to the international financial investor Mutares SE & Co. KGaA, as announced on the website of the Zivkovic Samardzic Law Office.

The sale covers the 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 center, the entire Serbian business, which is the second largest private bus operator in Serbia; and the Polish bus business, which operates city-based public transport contracts and regional services.

The transaction is expected to be completed towards the end of 2022, subject to customary closing conditions, including 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.

UK-based Arriva Group is a part of the German Deutsche Bahn AG, one of the world’s leading passenger and logistics companies. Arriva is a leading provider of passenger transport across Europe, employing around 40,000 people and delivering around 1.2 billion passenger journeys across 13 European countries.

Munich-headquartered Mutares SE & Co. KGaA acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement.

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