The ongoing talks between Deutsche Bahn and Veolia Transdev Central Europe regional transport services appears close to conclusion according to media sources.
The Federal Republic of Germany, is the majority shareholder of the German transport giant.
An official announcement is being prepared and will be published as soon as the deal is finalised.
Veolia Transdev Central Europe operates regional bus transport in six Central Eastern European countries, including Croatia, Poland, Serbia, Slovakia, Slovenia and the Czech Republic.
DB Arriva, Deutsche Bahn’s subsidiary responsible for regional transport outside of Germany, operates bus and rail transport in 12 European countries. These include the Central Eastern European markets in Poland, Slovakia, the Czech Republic and Hungary.
The acquisition will be subject to approval by Deutsche Bahn’s supervisory board and the relevant merger control authorities.