A consortium comprising French infrastructure fund Cube Transport SCA and Italian railroad Ferrovie dello Stato S.p.A acquired German public transport subsidiary Arriva from Deutsche Bahn on December 8, 2010.
The acquisition was preceded by the establishment of a consortium. Dr. Vinzenz Bödeker, LL.M. from Heuking Kühn Lüer Wojtek's Frankfurt office and Eric Villateau from SNR Denton UK LLP, Paris, provided counsel to Cube on establishing the consortium.
Berlin-based Arriva Deutschland generated revenue of EUR 460 million in 2009. Following the acquisition, the newly established consortium holds a 5 percent share in the German public transport market.
The acquisition is subject to approval by the European Commission.