In 2010 it was reported that the government-owned railway companies of France (SNCF) and Germany (Deutsche Bahn) were considering making takeover bids for the business. SNCF subsidiary Keolis and Arriva entered discussions regarding a merger, but in April 2010 Deutsche Bahn made a takeover offer for Arriva at £7.75 a share (£1.585 billion). The takeover was approved by the European Commission in August 2010, conditional on Deutsche Bahn disposing of some Arriva services in Germany. The takeover took effect on 27 August 2010, and Arriva was delisted from the London Stock Exchange on 31 August 2010.