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Tumas Group

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The Tumas Group is a real estate and development company in Malta , founded in the 1970s by Tumas Fenech (died 1 February 1999). The group is headed by Raymond (Ray) Fenech. Tumas Group is active in online gaming, hospitality and leisure, management, property development, and transport and energy.

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53-445: Tumas Group is one of Malta's biggest companies, with a registered net equity of €293 million and total assets of €454 million, of which three-quarters consist of property. It averaged an annual €107 million of revenues and €13 million of profits from 2010 to 2020. The group fully owns some 25 companies, and its stocks are traded at the local exchange as Santumas Shareholdings, with a total market cap of €10.6 million. Its most popular brand

106-507: A 51% shareholding Transportes Sul do Tejo, a scheduled bus and coach operator in the growing commuter region south of Lisbon . In September 2003, Arriva exercised an option to buy the remainder of the company. In May 2006, Arriva acquired a 21.5% share of leading transport company Barraqueiro , with bus and rail operations in and around Lisbon, increasing the shareholding in January 2008 to 31.5%. In December 2021, Arriva Portugal announced

159-531: A consortium that also included Siemens Project Ventures GmbH and Socar Trading SA, aimed to build a €510 million new gas-powered plant in Delimara , which would produce electricity by burning liquified gas (LNG) imported from Azerbaijan . Electrogas was contracted to sell electricity and LNG to Enemalta for 18 years, started in 2015. The government provided Electrogas with an indefinite government guarantee, committing to cover its losses in case of failure to make

212-566: A contract to operate trains from Dordrecht to Gorinchem and on to Geldermalsen ( MerwedeLingelijn ). In 2012, Arriva commenced operating trains in the Achterhoek and between Zwolle and Emmen ; these services operate under the Spurt brand. On 21 June 2013, Arriva was selected to operate a new service between The Hague and Brussels . Service was set to start in December 2015, but

265-611: A joint venture company with the Dutch state-owned passenger rail company Nederlandse Spoorwegen . In 2003, the company took full ownership of the former joint venture, opting to drop the NoordNed branding two years later. During 2005, Arriva was awarded a 15-year contract to operate trains from Groningen to Leeuwarden , Delfzijl , Roodeschool and Nieuweschans . It also secured a contract to operate trains from Leeuwarden to Harlingen Haven and to Stavoren . Later that year, it secured

318-542: A new contract, valued at €157.5 million per year, covering the extension of its operations in the Kuyavian-Pomeranian Voivodeship region for a further eight years, up until 2030. In November 2000, Arriva purchased João Carlos Soares e Filhos , Viação Costa & Lino Lda , Ami-Transportes and Abílio da Costa Moreira & C Lda who were running inter-urban local bus services in the north west of Portugal. During June 2002, Arriva bought

371-472: A profit. The first batch of LNG was bought by Electrogas from SOCAR for $ 113 million and sold by them to Enemalta for $ 153 million, with further deliveries generating similar profits, however Electrogas recorded continued unexplained losses, with -€23 million in 2017. Daphne Caruana Galizia was investigating the Electrogas scheme when she was murdered on 16 October 2017. The Auditor General's enquiry into

424-654: A sale or possible public flotation and invited companies interested in acquiring it to register expressions of interest by 3 May; however, by mid-November, the sale had been reportedly placed on hold. In early 2023, reports again alleged that parent company Deutsche Bahn was considering options for spinning out Arriva to concentrate on its core German rail operations. During the following months, various portions of Arriva's operations on continental Europe have been sold to other companies, these disposals have largely focused on busin operations. In October 2023, Deutsche Bahn agreed terms to sell Arriva to I Squared Capital . The sale

477-525: A sale was placed on hold as of November in that year. During the early 2020s, several of Arriva's continental European operations have been sold on. In October 2023, Deutsche Bahn agreed terms to sell Arriva to I Squared Capital with the transaction completed in June 2024. The company was founded by TSK Cowie in Sunderland in 1938. It was initially active as a second-hand motorcycle dealer and traded under

530-645: A sense of outreach with limitless potential." Tumas Fenech, then a police sergeant in Hamrun , and his sons opened the Easysell company in 1973, with a showroom in Qormi , to import and sell furniture and household items. The company was registered with the considerable capital of 30,000 Maltese lira , and it was soon put under general hypothec, with an overdraft facility by the newly-nationalised Bank of Valletta . Thanks to access to credit, Easysell started operated as

583-478: A speculator in the property market, signing various deals in the 1970s, including with people linked to the judiciary. Tumas Fenech could count on the support of then-minister Lorry Sant and of Lino Spiteri , Maltese Labour politician (later deputy head of the Central Banka and Minister of trade) and of Maltese Labour prime minister Dom Mintoff . The closeness between Tumas Fenech and Lino Spiteri costed

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636-592: A subsidy for it to continue. Four trains on the local Desná Railway, operated by Connex Morava (lately Veolia Transport Morava) since 2002, were taken over by Arriva Morava in July 2013. In March 2016, Arriva introduced a weekly service from Praha to Trenčín in Slovakia and daily service from Praha to Benešov . It has applied to increase this to twice daily from December 2016. In September 1997, Arriva purchased Unibus . During March 1999, Arriva Denmark expanded with

689-763: A transport group. In November 1997, the company was rebranded as Arriva p.lc. That same year, it also bought Unibus in Denmark, its first venture outside the United Kingdom. During June 1999, Arriva sold its vehicle-hire business to General Motors . In February 2000, Arriva purchased MTL Holdings , which included its first UK rail franchises, Merseyrail Electrics and Northern Spirit . Between 2002 and 2003, Arriva sold its motor-retailing businesses, furthermore, in February 2006, it also disposed of its vehicle-rental business to Northgate . During April 2008,

742-477: Is Portomaso , a complex of hotel, luxury apartments, restaurants and a casino in Paceville , St Julian's . The group founder Tumas Fenech died in 1999. The ownership of the company passed to his children: Leli, Ray, Moira, Carmen, Anthony and George. George Fenech, the eldest son, served as Chairman of the group, expanding the family business into hospitality and gaming, until his death in 2014. Raymond Fenech,

795-723: Is owned by German DB Mobility Logistics AG. In December 2006, Arriva purchased Transcentrum Bus, operating services in Mladá Boleslav District of the Central Bohemian Region , north east of Prague . In January 2007, Arriva acquired Bosák Bus, which operates to the south west of Prague and the Příbram District of the Central Bohemian Region. In November 2007, Arriva acquired Osnado, which operates bus and coach services in

848-445: Is owned by the Dutch company Arriva Coöperatie W.A. (majority of 99.9% since 2008). In July 2013, the current Veolia Transport Česká republika a.s. with its four subsidiary companies fell under Arriva group as Arriva Transport Česká republika a.s. The daughter companies were simultaneously renamed and rebranded as Arriva Praha s.r.o., Arriva Teplice s.r.o., Arriva Vychodni Cechy a.s. and Arriva Morava a.s. They operate primarily buses (it

901-773: Is the biggest bus transport operator in the Czech Republic) but also trolleybuses in Teplice (Arriva Teplice) and Desná Railway (Arriva Morava). The two Arriva holdings in the Czech Republic have not any direct interconnection yet. Moreover, the Arriva group operated in the Czech Republic also through the German rail transport company Vogtlandbahn GmbH. The former Abellio companies Probo Bus and PT Real, purchased in December 2013, are owned by DB Czech Holding s.r.o. which

954-696: The Grey-Green operation in London from the George Ewer Group. In 1984, T. Cowie p.l.c. acquired the Hanger Group, which included Interleasing, a large vehicle leasing business . Further leasing companies acquired were Marley Leasing, RoyScot Drive and Ringway Leasing. Following the retirement of Tom Cowie, the company was renamed Cowie Group plc during April 1994. As part of the privatisation of London bus services , Cowie Group acquired

1007-627: The Hilton to Malta; the company had obtained from the Nationalist government a public lease of 990 liri per year, for 150 years, for a 31-acres strip of public land in Paceville , where it had built a Hilton hotel. In 1996, the new Nationalist government extended the Spinola land lease to Tumas Group until 2114, retaining the same yearly payment, and the company was allowed to use the land for other uses than tourism. The company finally bought back

1060-646: The LNWR train maintenance business in England was acquired. 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, however, in April 2010, Deutsche Bahn made a takeover offer for Arriva valued at £7.75 per share (£1.585 billion). During August 2010, Deutsche Bahn's takeover bid

1113-576: The Leaside Buses and South London Transport business units in September 1994 and January 1995 respectively. Cowie Group also bought United Automobile Services and British Bus in July and August 1996, both of which had acquired a number of privatised bus companies. As a result of these transactions, in October 1996, Cowie Group was reclassified on the stock exchange from a motor dealer to

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1166-532: The National Railway Company of Belgium to replace the existing service there. The resulting Three Countries Train will run from Liège-Guillemins to Aachen Hbf . The Province of Limburg awarded a contract in June 2015 to Arriva to provide for the entire public transport (buses and five regional rail lines) in Limburg from December 2016 up until 2031. Abellio has originally been named

1219-596: The Piemonte and Valle d'Aosta regions of northern Italy with an 80% shareholding in SADEM, increased to 100% in 2008. During 2006, Arriva purchased a 35% share in Trieste Trasporti, which increased to 40% in 2007. In June 2007, Arriva entered a joint venture with Ferrovie Nord Milano to purchase 49% of 317 bus SPT Linea, which was then renamed ASF Autolinee . This company manages local public transport in

1272-639: The Varde to Nørre Nebel line. In March 2012, Arriva was awarded an extension to this franchise through to June 2018. During 2003, Arriva began operating an eight-year contract to operate services in mid Jutland . In March 2009, Arriva was awarded an extension through to December 2018. At one point, Arriva operated 17% of all services on the Danish rail network. In 2000, Arriva began operating waterbuses in Copenhagen 's harbour. In May 2023 Arriva Denmark

1325-421: The 2013 tender concluded that the tender was a “premeditated” effort to award the contract to Electrogas and that Electrogas' electricity price was significantly higher than that bought over the interconnector. Yorgen Fenech resigned from director of Tumas Group and of Electrogas in 2019. His uncle Ray Fenech took over control of the group. On 25 November 2019 Tumas Group said that allegations linking Fenech to

1378-567: The Czech Republic. German rail transport company Vogtlandbahn , owned by Arriva since 2004, operated several train routes in the Czech Republic as a subcontractor of České dráhy (München – Regensburg – Hof – Plzeň – Praha, line VB2 Zwickau – Plauen – Bad Brambach – Františkovy Lázně – Cheb – Mariánské Lázně, line VB8 Marktredwitz – Schirnding – Cheb) and GW Train Regio , formerly Viamont (line VB1 Zwickau – Klingenthal – Kraslice – Sokolov). Since December 2010, Vogtlandbahn operates under its own name

1431-482: The Hanger Group along with the vehicle leasing business Interleasing. In April 1994, the company was renamed Cowie Group. Months later, Cowie Group acquired the Leaside Buses and South London Transport business units amid the wider privatisation of London bus services . During 1997, it also bought the Denmark -based operator Unibus, becoming its first venture based outside the United Kingdom. During November 1997,

1484-555: The Wikimedia System Administrators, please include the details below. Request from 172.68.168.226 via cp1108 cp1108, Varnish XID 254692641 Upstream caches: cp1108 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 10:51:20 GMT Arriva Arriva plc is a British multinational public transport company headquartered in Sunderland , England. The company was originally established on 24 October 1938 as T Cowie Ltd. Initially focused on

1537-582: The acquisition of Bus Danmark . In April 2001, Arriva acquired Denmark's largest bus operator, Combus , along with its 1,200 vehicles. In August 2004, Arriva purchased Wulff , which operated buses in Jutland and Copenhagen . In 2007, Arriva acquired Veolia Denmark , then Denmark's second largest bus operator with 640 buses. Arriva operates 50% of bus services in Copenhagen and 40% throughout Denmark. In mid-2002, Arriva began to operate services on

1590-614: The city of Como . During 2008, it took control of Brescia -based SAIA Transporti . In January 1998, Arriva purchased Vancom Nederland , it was followed by Veonn & Hanze in December 1998. During June 1999, it formed a joint venture with Nederlandse Spoorwegen to operate bus services in Friesland ; four years later, Arriva took full ownership, after which it was renamed Arriva Openbaar Vervoer . In 2003, Arriva won further work in Drenthe and Province of Groningen . It

1643-624: The closure of its operation by the end of the year. In May 2013, Arriva entered the Serbian bus market with the purchase of Veolia Transport Central Europe (Veolia Transport Litas in Požarevac and Veolia Transport Luv in Belgrade ) with 250 buses. In January 2015, Arriva commenced operating bus services in Niš with 33 buses. In 2023, Arriva was rebranded as Mobilitas. In July 2008, Arriva entered

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1696-805: The company was rebranded as Arriva. In the late 1990s and early 2000s, it disposed of its vehicle-hire and motor-retailing businesses. In February 2000, Arriva purchased MTL Holdings , which included its first UK rail franchises, Merseyrail Electrics and Northern Spirit . In April 2008, the LNWR train maintenance business was acquired. Arriva became a subsidiary of Deutsche Bahn in August 2010. Arriva operates bus, coach, train, tram and waterbus services in 10 countries across Europe. As of November 2023, it employed 35,500 people and operated 1.5 billion passenger journeys annually. It operates as three divisions: UK Bus , UK Rail and Mainland Europe. Deutsche Bahn announced in 2019 that it wished to sell Arriva, but such

1749-774: The company's 225-strong bus fleet. The joint venture now operates under the VT-Arriva brand. In July 2002, Arriva purchased SAB Autoservizi and SAF – Società Autoservizi Friuli-Venezia Giulia operating in Lombardy , Liguria and Friuli-Venezia Giulia regions of northern Italy. During May 2004, Arriva expanded into the Udine area of the Friuli-Venezia Giulia region via the purchase of 49% of 500 bus SAF; it exercised an option in December 2005 to increase its stake to 60%. In October 2005, Arriva began operating in

1802-400: The enabling and the backing of the state", with "political support across both major political parties". Tumas Group, Camilleri states, "donated to politicians and political parties across the board and did not shy away from making cross-political alliances. Its excessive influence and growth brought by irregular means and public resources gave Tumas Fenech and the group a sense of impunity and

1855-596: The government to seek the Parliament's consent before selling public land for private interests. In March 2024, Tumas Group passed the cap of 1,000 hotel rooms in Malta, with the opening of his third Hilton hotel. From July 2011 until 2014, Tumas Group was minority shareholder (33%), together with Arriva , of a ten-year concession to operate all scheduled bus services on Malta and Gozo . Following years of losses, on 1 January 2014 Arriva ceased operations in Malta, with

1908-640: The latter the nomination in the 1992 Labour leadership race, then won by Alfred Sant , as Evarist Bartolo accused Spiteri of corruption. In the 1980s, Tumas Fenech expands in the hotel market, buying the Dolmen and the Topaz hotels in Buġibba . In 1986, for 120,000 Maltese lira , Tumas Fenech buys the Spinola Development Company. This had been founded by British and American investors to bring

1961-402: The lease in 2006 for sole 800,000 Maltese lira (€1.8 million) The Portomaso land grab was contested by left-wing activists, including Moviment Graffitti , who staged a hunger strike. The ensuing investigation by Ombudsman Joe Sammut reprimanded the government's failure “to use its negotiating powers to maximise the benefits to be derived from the deal”. Legislation was later amended, obliging

2014-565: The line Trilex (Liberec – Zittau – Varnsdorf – Rybniště/Seifhennersdorf). After Arriva was bought by Deutsche Bahn in 2010, Vogtlandbahn was resold to the Italian state railways Ferrovie dello Stato together with Luxembourg infrastructure fund Cube. Between September 2013 and December 2013, Arriva vlaky tried operating a commercial service from Praha Masarykovo nádraží to Kralupy nad Vltavou in competition with subsidised lines of České dráhy. The company did not succeed with its effort to gain

2067-617: The murder of Daphne Caruana Galizia were "alien to the Tumas Group's values". From July 2011 until 2014, Tumas Group was the minority shareholder (33%), together with Arriva , of a ten-year concession to operate all scheduled bus services on Malta and Gozo . Following years of losses, on 1 January 2014 Arriva ceased operations in Malta, with the services nationalised by the Maltese government as Malta Public Transport . Portomaso Too Many Requests If you report this error to

2120-457: The name T. Cowie Limited. During 1948, the business was re-launched by Tom Cowie , the founder's son, still selling motorcycles. T Cowie plc was floated in December 1964, and in 1965 it bought out the first of many car dealerships. In 1972, it formed Cowie Contract Hire, which became the largest contract hire business in the UK. During 1980, T. Cowie made its first foray into bus operations, buying

2173-527: The north of Hradec Králové Region in East Bohemia, in the foothills of the Giant Mountains . The three bus companies retain their original names but with the Arriva corporate logo and livery. At the turn of 2014/2015, Bosák Bus s.r.o. was merged with Transcentrum Bus s.r.o. and Transcentrum Bus s.r.o. renamed to Arriva Střední Čechy s.r.o. In July 2013, [Veolia Transport] Česká republika a.s.

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2226-465: The preferred bidder, but after it was discovered Abellio had gained some information that was not available to the other bidders, the contract was withdrawn. Another tenderer, Veolia , announced they will object to the decision of the province. During May 2013, Arriva entered the Polish bus market through its acquisition of Veolia Transport Central Europe along with its 840 buses. However, during

2279-419: The project was cancelled in 2014 because the involved parties could not agree upon a final business case and because NS reactivated the original service to Brussels, which made the new Arriva service unnecessary. During December 2016, Arriva acquired the majority of Limburg 's bus and train systems. In June 2024, a train of Arriva will be extended from Maastricht to Liège-Guillemins in cooperation with

2332-534: The sale of motorcycles , it relaunched shortly after the Second World War by Tom Cowie . During December 1964, the company was floated , it acquired its first car dealership months later. In 1972, the company established Cowie Contract Hire, a successful contract hire business. T. Cowie entered into bus operations via the purchase of the London -based Grey-Green operator in 1980. During 1984, it acquired

2385-539: The services nationalised by the government as Malta Public Transport . The Group's turnover for 2011 was in excess of €112 million. After 2013, with the Labour government led by Joseph Muscat , the Tumas group (at that point led by Tumas' son George Fenech and grandson Yorgen Fenech ) expanded in the energy sector. Tumas group banded together with Michael Apap Bologna and Gasan Group to found ElectroGas Malta (EGM) as

2438-511: The summer of 2023, the company divested its bus activities in Polish market. During December 2006, Arriva formed Arriva PCC , a joint venture with PCC Rail in December 2006. In December 2007, Arriva commenced operating services on all non-electrified lines in the Kuyavian-Pomeranian Voivodeship . In June 2010, Arriva took 100% ownership of the business and renamed it Arriva RP. During December 2010, Arriva RP

2491-495: The youngest son of Tumas, took over the group, with other family members. In 2015 Antony Fenech exited the group and set up his own TUM Invest Group, retaining the automotive and healthcare arms of the Tumas Group. Yorgen Fenech served as CEO of Tumas Group until his indictment in 2019, when Ray Feench took back the reins. According to Mark Camilleri , the Tumas Group was created and expanded as "a textbook example of how local businesses grew by constant rent-seeking activities with

2544-759: Was approved by the European Commission , albeit conditional on the disposal 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. In late 2011, Arriva acquired Grand Central and sold its Arriva Scotland West bus operation. In May 2013, Arriva purchased Veolia Transport 's Central European business with 3,400 vehicles. Arriva changed its logo in January 2018. In March 2019, DB announced that it would be selling Arriva through either

2597-578: Was awarded a ten-year extension to its Kuyavian-Pomeranian Voivodeship activities. In December 2013, Arriva started operating trains on four electrified lines in the Kujawsko-Pomorskie Voivodship using 12 existing trains to serve roughly 50 railway stations for an initial period of two years. In September 2017, it was announced that Arriva RP had secured several open access paths in Poland. During October 2022, Arriva RP signed

2650-878: Was awarded further contracts in 2005 in Drenthe and Waterland and later in the Drechtsteden , Alblasserwaard , Rivierenland, Meierij , Oost-Brabant, and Vijfheerenlanden areas. During 2009, Arriva lost the contracts in Drenthe and Groningen upon retendering yet, in 2010, won a contract in Achterhoek and retained the Rivierenland contract. From December 2012, Arriva won the contract for South Holland North, around Leiden , Alphen aan den Rijn and Gouda and in Friesland around Leeuwarden . During December 2016, it acquired most of Limburg 's bus and train systems. During 1999, Arriva established NoordNed as

2703-809: Was completed in June 2024. In May 2013, Arriva entered the Croatian bus market with the purchase of Panturist Veolia Osijek ( Veolia Transport Central Europe) with 120 buses. In August 2017 Arriva took a 78.34% share in Autotrans Group (ATG); via this move, it became the number one private bus operator active in Croatia. Arriva group bought three medium-sized bus transport companies (Transcentrum Bus s.r.o., Bosák Bus s.r.o. and Osnado s.r.o.) in 2006 and 2007 end established its own rail transport company Arriva vlaky s.r.o. in 2009. These four companies are owned through Arriva holding Česká republika s.r.o. which

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2756-599: Was purchased with its four subsidiary companies which were renamed Arriva Morava, Arriva Praha, Arriva Teplice and Arriva Východní Čechy. These four companies are owned by holding company Arriva Transport Česká republika. It also operates trolleybuses in Teplice (Arriva Teplice) and trains in Desná Railway (Arriva Morava). During December 2013, Abellio's Probo Bus and PT Real operations were purchased with 110 buses. As at November 2016, Arriva operated 1,960 buses in

2809-777: Was sold to the German investment fund Mutares . In December 2023 Arriva Denmark announced that they would rebrand as GoCollective during the course of 2024. In April 2008, Arriva purchased an 80% shareholding in Eurobus Invest, Hungary's largest private bus operator, which operates services in Hungary and Slovakia. In 2009, Arriva purchased the remaining 20%. Arriva is in a joint venture with Videoton Holding operating as VT Transman. During May 2013, VT Transman began operating two bus contracts in Budapest for eight years; this arrangement saw 150 Mercedes-Benz Citaros added to

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