November 1, 2019 / 6:59 PM / 17 days ago

Deutsche Bahn in exclusive talks with Carlyle for Arriva sale

FILE PHOTO: A locomotive engine of German railway Deutsche Bahn is seen at the main train station in Frankfurt, Germany, March 27, 2019. REUTERS/Kai Pfaffenbach

BERLIN (Reuters) - Deutsche Bahn is in exclusive talks with U.S. buyout group Carlyle (CG.O) over the sale of the German rail operator’s Arriva international passenger transport unit, a person familiar with the matter said on Friday.

The German rail operator is also still preparing for a potential flotation of Arriva, the person said.

Arriva, which employs 53,000 people across Europe and is expected to be valued at 3-4 billion euros ($3.35-$4.5 billion), runs British rail franchises including Northern and the London Overground as well as buses around the country.

Previously, Apollo (APO.N) had been working on a competing offer.

Deutsche Bahn and Carlyle weren’t immediately available to comment.

Reporting by Markus Wacket,; Writing by Tom Sims; Editing by Hans-Edzard Busemann and Emelia Sithole-Matarise

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