DB nears private sector

If all goes according to plan, the long-anticipated partial privatisation of Germany’s national railway will finally come to fruition by the end of this year. A 24·9% stake in the newly-established operating business DB Mobility Logistics AG is due to be floated on the Frankfurt Stock Exchange.

Target date is Nov­ember 5, although there have been suggestions that this might have to be delayed because of the weakening German economy and the global credit crunch. Nevertheless, Federal Transport Minister Wolfgang Tiefensee and Deutsche Bahn AG Chairman Hartmut Mehdorn are pressing ahead. Tiefensee, in particular, is keen to get the sale completed well ahead of the national elections scheduled for September 2009.

Read more: http://tinyurl.com/3f8ebm

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