Dan Group to acquire Transportes Sul do Tejo from Arriva

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Arriva Group has signed an agreement with Dan Group to sell Transportes Sul do Tejo (TST) in Portugal.

TST is the largest operator of Public Passenger Transport on the south side of the Tagus in Lisbon. TST won a seven-year contract to provide public passenger transport services in the municipalities of Almada, Seixal and Sesimbra, including connection lines to Lisbon, Setúbal, Barreiro and Moita. The services will start operation on July 1, 2022 using 339 buses (290 new ones). TST will operate under the umbrella brand, Carris Metropolitana, owned by the Transport Authority TML (Transportes Metropolitanos de Lisboa).

The transaction is expected to be finalized in late August 2022. All employees of TST would be transferred over to Dan Group at completion. The completion of the transaction will be subject to customary closing conditions, including, among others, approval by the Deutsche Bahn Supervisory Board and the German Federal Ministry for Digital and Transport.

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