HutchWatch: Beijing furious; Panama may have to wait
Beijing blindsided?
ID 329783388
© Thomas Reimer
| Dreamstime.com
We all agree that the DB Schenker (DBS) sale is a political affair that would help its parent company Deutsche Bahn (DB) get its house in order, financially.
But, let’s wonder: what’s the downside if this long-awaited divestment doesn’t happen?
With group net debt that has risen by almost €10bn since pre-Covid at the end of 2019, to read almost €34bn at the end of last year…
… and a debt pile that is traditionally front-loaded…
… DBS is perceived as the solution to ...
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