German company considering sale of Sunderland-based Arriva
German rail company Deutsche Bahn says it is examining the sale of UK-based subsidiary Arriva.
Deutsche Bahn said in a statement that its supervisory board has asked management to pursue "various options" for a sale.
Arriva, which started life as Cowie, operates bus and train services in 14 European countries, and includes the Grand Central rail operator which runs trains between Sunderland and London.
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Arriva had a turnover of 5.44 billion euros (£4.62 billion) last year and employs about 53,000 people across Europe.
A decision on whether to go ahead with a sale of the wholly-owned subsidiary is expected in September.
Deutsche Bahn, which itself is owned by the German state, said a sale would help limit its debts and give Arriva room to grow.