Deutsche Bahn partial IPO set for October, says report
The part-privatization of German state-owned rail and logistics giant Deutsche Bahn will go-ahead in October, according to a report in the Financial Times Deutschland.
The German newspaper said Deutsche Bahn Chief Executive Hartmut Mehdorn and management board member Diethelm Sack have presented a plan including the October timetable to the supervisory board.
The cabinet of Chancellor Angela Merkel last summer consented to a 25 percent flotation, valued at about 3 billion euros ($4.5 billion). Deutsche Bahn’s passenger transport and logistics interests are to be placed into a separate holding company with a stake sold on the stock market, while the rail infrastructure will remain with the German government.
