€1.9bn handout for DB Cargo restructure 'is in line with EU state aid rules'
The European Commission has approved the German state pumping some €1.9bn ($2bn) into supporting a ...
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State aid is, unsurprisingly, all the rage in these crazy days, but even so, the initial numbers coming out of Germany’s Deutsche Bahn, owner of DB Schenker, are mind-bending: it believes it is on course to lose €11bn-€13.5bn through to 2024, according to this report from Euractive. And while it has the ability to make around €5bn in cuts, the remainder will have to come from the federal government.
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