Germany's state-owned railway operator, Deutsche Bahn, said Thursday that it has agreed to sell its European public transport subsidiary, Arriva, to U.S.-based infrastructure investor I Squared Capital.
Deutsche Bahn didn't disclose the value of the planned sale. It said the transaction should be completed next year. The company is selling Arriva “to enable additional growth in rail transport in Germany and allow it to focus its resources on its core business.”
