UK's Arriva announces Portugal joint venture

Newswire

LONDON, Feb 25 (Reuters) - British transport group Arriva Plc announced on Friday a Portugal joint venture with the Lisbon-based bus and rail subsidiaries of Barraqueiro Group. Arriva said the 50/50 joint venture would combine its bus and coach operations serving the commuter region to the south of Lisbon with those of Barraqueiro. Completion of the joint venture is conditional upon clearance by the Portuguese Competition Authority, which is expected to take up to 90 days. It also ...

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