Press releases

Leading European transport operator Arriva today announced it has completed the purchase of 80 per cent of Interbus Invest*, the holding company of Eurobus Invest**, which provides bus services in Hungary and Slovakia. 

Completion of the deal, announced on 14 April 2008, follows the recent clearance by the Slovak Merger Authority. It takes the number of countries in which Arriva operates to 12.

Arriva chief executive David Martin said: “This latest acquisition means we now have a controlling stake in an established business in two exciting new markets which have real potential for growth. 

“The Eurobus management team has valuable specific knowledge of operating transport services in Hungary and Slovakia. Their market insights combined with Arriva’s experience of developing country by country across Europe gives us all the capabilities we need to develop these opportunities with confidence.”

Notes:

Arriva’s press release of April 14 announcing the Eurobus deal is available at www.arriva.co.uk/arriva/en/media_centre/press_releases/2008/2008-04-14/

In Hungary, Eurobus Invest operates through a joint venture company VT-Transman†.  In Slovakia it operates through two 60 per cent owned subsidiaries, SAD Nové Zámky†† in the south west and SAD Michalovce‡ in the east.

* Eurobus-Invest Regionàlis Közlekedésfejlesztési (Eurobus Invest)
** Inter-Bus Invest Befektetési Zrt (Interbus Invest)
† VT-Transman Személyszállító és Szolgáltató Kft. (VT-Transman)
†† Slovenská autobusová doprava Nové Zámky akciová spolocnost (SAD Nové Zámky)
‡ Slovenská autobusová doprava Michalovce akciová spolocnost (SAD Michalovce)

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