Arriva Group, a European passenger transport provider, has agreed to sell its Danish business “Arriva Danmark A/S,” Serbian business “Arriva Litas d.o.o.,” and Polish bus business “Arriva Bus Transport Polska Sp. z o.o.” to Mutares SE & Co. KGaA, an international financial investor. The sale includes the entire Danish business, Serbian operations (the second-largest private bus operator in Serbia), and Polish bus operations. The transaction is expected to complete by the end of 2022, subject to customary approvals and antitrust clearance.

Arriva, part of Germany’s Deutsche Bahn AG, is a major European provider of passenger transport services, employing around 40,000 people across 13 countries. It offers buses, trains, coaches, and other transport solutions.

Mutares, based in Munich, acquires medium-sized companies with clear operational improvement potential, focusing on long-term growth and value increase. It targets companies with revenues between EUR 100 million and EUR 750 million.

The Živković Samardžić team was led by partner Sava Pavlović.