DB Schenker – sale, float, nothing
All worth the same now
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By Alex Lennane
It’s short – but interesting. Deutsche Bahn, whose chief executive will tomorrow present a turnaround plan for the ailing rail company to the supervisory board, is to cut loss-making freight routes. The company, which is expected shortly to post its first loss in more than a decade, plans to cut its annual capacity to 65.5bn tonne km in 2017 – down 4.5bn on this year.
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