Canary Wharf investors bid for Arriva

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Canary Wharf
A Yorkshire Tiger Wrightbus Cadet-bodied VDL. RICHARD SHARMAN

 

The investment group behind London’s Canary Wharf, Brookfield Asset Management, has launched a bid for Arriva, the Sunday Telegraph reported.

According to the article, the group is working with Goldman Sachs and I Squared Capital to raise the estimated £4-4.5bn required to purchase the operator.

Brookfield joins the likes of Carlyle Group, Keolis and Apollo Global Management.

German owner Deutsche Bahn is expected to announce the winning bidder in the third quarter of 2019.

 

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