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Tuesday
May182010

UK Transport Group in Potential Foreign Takeover Bid

Takeovers seem to be in the news a lot at the moment, regardless of whether they are potential takeovers or successful ones.  The news of Cadbury becoming a US owned company is still smarting with a lot of people, and now we have fresh news about transport company Arriva being possibly the next in line.

This time it is the German owned company Deutsche Bahn that is interested in buying this British company.  I can see many more UK companies being swallowed up in this way as well as time goes on, and I have my doubts about the effects this will have on UK business as a whole.  Many companies have already disappeared under the ownership of foreign companies – so much so that some Brits are unaware of the extent to which we are owned and operated by people and businesses in other countries.

n the case of Arriva it has been announced that the bid is not a hostile one, so this may take a very different path from the Cadbury drama of a few short months ago.  The agreed figure is around £1.6 billion pounds, but shareholders still have to say yes to the deal before it goes through.

Deutsche Bahn apparently already owns and operates various rail services in the UK as well as services in the Chilterns, which may come as a surprise to some people.  I am constantly amazed by how often a UK company is found to be run by a parent company in some other country.

St Matthew is always here to advise on business and tax matters and implications of all kinds.  If you need advice on your company or other similar interests, contact us now to discuss.

 



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