Deutsche Bahn buys Grand Central

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A topic from Travel & Holidays: Travelling By Rail

laresSun 06/11/11 20:41

"WEEKS of speculation about the future ownership of open-access operator Grand Central have ended with confirmation that Deutsche Bahn has bought the company, via its British subsidiary Arriva UK Trains.

The price of the buyout has not been revealed, but the acquisition will mean that DB now controls Grand Central as well as the CrossCountry, Arriva Trains Wales and Chiltern Railways franchises, plus concessions to run Tyne and Wear Metro and London Overground. The London concession is a joint venture with Hong Kong-based operator MTR.

Present Grand Central managing director Tom Clift is to stay in his post, and Grand Central's headquarters in York will be maintained.

Bob Holland, who is the managing director of Arriva UK Trains, said: "We firmly believe open access will play a valuable part of a balanced portfolio for our UK Trains division alongside our franchises and concessions.

"Bringing Grand Central on board means we have a live open access operation up and running, one which is popular with customers and which we believe we can develop to become a key commercial part of our UK rail operations."

DB had already inherited a share of former open access operator Wrexham & Shropshire when it bought Chiltern Railways operator Laing Rail, but the Wrexham operation was closed down at the end of January this year."

http://1sq.me/tBXQVT

I've heard speculation that they're buying it to close it down and reallocate the stock, but that seems unlikely to me.

(As an aside, if privatisation was such a great idea, why do Europe's state companies own so much of our networks now?)

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