User-agent: Mediapartners-Google* Disallow: Trucks World News: DB Schenker logistics * Germany - In a public offering
Google
 
Loading

Apr 27, 2016

DB Schenker logistics * Germany - In a public offering

* Berlin - Deutsche Bahn starts Schenker IPO move

-- Deutsche Bahn, Germany’s state-owned railway, is pressing ahead with plans to list its DB Schenker logistics unit on the stock market... Europe’s largest rail freight operator will in June select the lead banks to organize the initial public offering of one of the world’s leading freight forwarders and logistics providers, according to German media reports... Deutsche Bahn is expected to sell up to 40 percent of Schenker, currently valued at around 5 billion euros ($5.65 billion), on the Frankfurt stock exchange, most likely in 2018, with the estimated proceeds used to finance its restructuring and pay down debt... The Berlin-based company also plans to float Arriva, its international passenger operation, on the London stock exchange in 2017... The German government initially opposed the twin privatizations, fearing Deutsche Bahn was selling the “family silver” simply to reduce short-term debt...
Berlin, Germany - JOC, by Bruce Barnard - Apr 27, 2016

Labels:

posted by Unknown @ 3:42 PM 

0 Comments:

Post a Comment

<< Home