Deutsche Bahn to sell Arriva, or rather a stake in it?

[whole diary]

[grahame]

From The RMT^▸ (National Union of Rail, Maritime & Transport Workers)

RMT warns of new threat to rail jobs and services as Deutsche Bahn approves UK^▸ (United Kingdom) 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^» (Deutsche Bahn - German State Railway - about) Schenker) has now been agreed by the DB Supervisory Board at a meeting on Wednesday night.

[continues]

[JayMac]

"...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^▸ (National Union of Rail, Maritime & Transport Workers) working together with the current and potential new management. Nope. Shoot first, questions later. Same old tactics from this dinosaur union.

[stuving]

It's also rather UK^▸ (United Kingdom)-centric. Both DB^» (Deutsche Bahn - German State Railway - about) 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.

[ChrisB]

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

[stuving]

Most of Arriva's overseas business was added by DB^» (Deutsche Bahn - German State Railway - about), 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.

[ChrisB]

But it refers to sale of a minority interest in Arriva's UK^▸ (United Kingdom) Operations[\b], so pretty much what db Bought

[stuving]

But it refers to sale of a minority interest in Arriva's UK^▸ (United Kingdom) Operations[\b], so pretty much what db Bought

That's just what the RMT^▸ (National Union of Rail, Maritime & Transport Workers) said. From DB^» (Deutsche Bahn - German State Railway - about) investor relations:

(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...