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Title: Deutsche Bahn to sell Arriva, or rather a stake in it? Post by: grahame on May 07, 2016, 15:57:37 From The RMT (http://www.rmt.org.uk/news/deutsche-bahn-approves-uk-asset-sell-off/?)
Quote RMT warns of new threat to rail jobs and services as Deutsche Bahn approves UK asset sell-off. RAIL UNION RMT warned today that a fire-sale of a sizable chunk of Deutsche Bahn^s UK operations jacks up a new threat to jobs and services. The proposed sell off of up to a 45 per cent minority stake in Deutsche Bahn's foreign acquisition arm (Arriva) and global freight logistics company (DB Schenker) has now been agreed by the DB Supervisory Board at a meeting on Wednesday night. [continues] Title: Re: Deutsche Bahn to sell Arriva, or rather a stake in it? Post by: JayMac on May 07, 2016, 16:09:31 "...jacks up a new threat", "...same old gang of spivs and speculators" ... ::)
Bob Crow appears to be possessing Mick Cash. No mention in the article of the RMT working together with the current and potential new management. Nope. Shoot first, questions later. Same old tactics from this dinosaur union. Title: Re: Deutsche Bahn to sell Arriva, or rather a stake in it? Post by: stuving on May 07, 2016, 16:37:04 It's also rather UK-centric. Both DB Arriva and DB Schenker have less than half their business here, so presumably the sale and new structure will not be done under UK regulations and English law.
DB Arriva does operate most of its trains in Britain, but less than half its buses, trams, and staff are here. Less than half of DB Schenker is rail operations, and the UK part is only a small part of that. The rail freight business has, in any case, been renamed DB Cargo - a paint job is coming to a Class 66 near you soon. Title: Re: Deutsche Bahn to sell Arriva, or rather a stake in it? Post by: ChrisB on May 07, 2016, 19:24:06 Wasn't Arriva listed on the London Stock Market before being taken over by the - effectively - German Government in 2010. So only 6 years later, a minirity stake is to return there?
So nothing will have really changed, except that the German Government is still the majority owner. Can't see the problem frankly Title: Re: Deutsche Bahn to sell Arriva, or rather a stake in it? Post by: stuving on May 07, 2016, 19:31:21 Most of Arriva's overseas business was added by DB, so it's not the same as it was before its takeover. They just wish they hadn't tied up so much capital in it, including those additions, and want some back to build stuff with in Germany.
Title: Re: Deutsche Bahn to sell Arriva, or rather a stake in it? Post by: ChrisB on May 07, 2016, 19:57:27 But it refers to sale of a minority interest in Arriva's UK Operations[\b], so pretty much what db Bought
Title: Re: Deutsche Bahn to sell Arriva, or rather a stake in it? Post by: stuving on May 07, 2016, 20:24:08 But it refers to sale of a minority interest in Arriva's UK Operations[\b], so pretty much what db Bought That's just what the RMT said. From DB investor relations: Quote (Berlin May 4, 2016) The Supervisory Board of Deutsche Bahn AG has instructed the Management Board to develop an implementation plan for a third-party minority equity participation in DB Arriva and DB Schenker. A final decision on the matter is planned for this coming fall... This page is printed from the "Coffee Shop" forum at http://gwr.passenger.chat which is provided by a customer of Great Western Railway. Views expressed are those of the individual posters concerned. Visit www.gwr.com for the official Great Western Railway website. Please contact the administrators of this site if you feel that content provided contravenes our posting rules ( see http://railcustomer.info/1761 ). The forum is hosted by Well House Consultants - http://www.wellho.net |