EQT, German Tycoon Buy €1 Billion Stake in Greyhound Owner Flix

Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE.

EQT and Kühne Holding AG, the investment vehicle of logistics tycoon Klaus-Michael Kühne, will become long-term anchor shareholders in Flix, according to a statement Thursday confirming an earlier Bloomberg News report. They are investing around €1 billion ($1.2 billion) in Flix in a deal valuing the business at more than €3 billion, people with knowledge of the matter said.

Bloomberg News reported earlier this week that EQT was closing in on an ...