Arriva fails in merge talks with France's SNCF - Business - Evening Standard
       

Arriva fails in merge talks with France's SNCF

London buses operator Arriva today said its talks with France's national rail company SNCF about creating a new European transport giant had failed.

In January, Arriva opened merger discussions with French buses and coaches firm Keolis, 45% owned by SNCF, but it said it could not reach an agreement with SNCF and had ended talks. Arriva shares dropped 2% to 558½p.

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