Deutsche Bahn AG has launched the sale process for its logistics subsidiary DB Schenker. The DB Group has issued an official announcement today laying out an open and non-discriminatory process for the sale of the shares. The condition for a sale is that it must have apparent economic advantages for Deutsche Bahn in all respects.
The international logistics market offers excellent prospects for long-term growth. As one of the world's top 4 logistics companies, DB Schenker has a solid position within the market. DB Schenker has contributed very positively to the DB Group's economic growth over the years. However, the DB subsidiary will need more capital and flexibility for its own growth.
The DB Group will retain all proceeds from a sale, a large part of which will be used to reduce debt. A sale would significantly accelerate Deutsche Bahn's focus on its core business and the implementation of the Strong Rail strategy. Deutsche Bahn has already completed or contractually agreed the sale of several of its business units in foreign markets and would be taking another big step by letting go of DB Schenker. Our goal is to serve the climate, people and the economy by substantially increasing the cargo and passenger volumes handled by eco-friendly rail services. Read more
Source: DEUTSCHE BAHN