Star performer Schenker still propping up Deutsche Bahn profitability
Deutsche Bahn’s results yesterday have added grist to the talk-mill that the potential sale of ...
It will come as little surprise to hear that Deutsche Bahn has blamed rail freight for its €1.3bn net loss, the first in 12 years. But according to this interesting article in Handelsblatt, at least some relief is on the way, now it has been permitted by the German government to keep the proceeds from a partial privatisation of DB Schenker, its logistics unit. Schenker is expected to do an IPO in 2018 on the Frankfurt Stock Exchange. It is thought to be worth about €5bn today.
And here is what we said in December: Analysis: Deutsche Bahn may be planning some pruning of the corporate tree
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