£34million deal expands Arriva's Portuguese interests

摘要

Arriva has paid £34million to increase its 21.5% shareholding in leading Portuguese bus operator Barraqueiro by 10%. The deal entitles Arriva to appoint three directors to the 12-strong board of Barraqueiro, which has 2,200 buses and a 20% market share in addition to rail interests. It also gives Arriva the option of re-integrating TST - its 600-bus subsidiary on the Setubal peninsula south of Lisbon - back into Barraqueiro, from whom it purchased it in 2002/03.