German national railway company Deutsche Bahn AG is ready to sell its profitable logistics unit, DB Schenker, or offer shares in the public market.
The parent company said Thursday that it will explore the potential sale of DB Schenker, the fourth-largest logistics provider in the world by revenue, after a vote by its board of directors.
Revenue from any sale would be used to pay down Deutsche Bahn’s heavy debt load.
The rationale for a sale is that DB Schenker can grow faster with a company...
https://www.freightwaves.com/news/deutsche-bahn-to-consider-sale-of-huge-schenker-logistics-unit