German railways prepare to sell DB Schenker
The Supervisory Board of German Railways (DB) instructed the holding’s board to prepare for the sale of up to 100% of the shares of its subsidiary, DB Schenker, which provides transport and logistics services worldwide. The proceeds from the sale of funds will remain at the disposal of DB and will, among other things, be used to significantly reduce the holding’s debt. It is reported by Railway Supply magazine with reference to zdmira.
With the sale of DB Schenker, German railways will be able to focus on their core business and implement the Starke Schiene strategy, adopted in 2019, aimed at strengthening the position of railway transport in the country and developing its infrastructure.
DB Schenker makes a decisive contribution to the results of DB’s activities, the company accounts for approximately 40% of the holding’s turnover. Largely due to the success of this subsidiary, DB was able to show a profit in the first half of 2022.
We can do everything, we will rebuild everything! Glory to the Ukrainian railway workers!
At the same time, in the medium term, the development and expansion of DB Schenker’s business requires significant funds, which the DB holding does not have. The strong position of this transport and logistics company in the global market is expected to make it an attractive asset for buyers and investors. At the same time, taking into account the unstable economic situation, the DB holding does not yet indicate any dates for launching the procedure for the sale of DB Schenker.
Previously, the DB board insisted on keeping DB Schenker as part of the holding and tried to find investors willing to acquire another of its assets – the passenger operator DB Arriva operating on international markets, but at the end of 2019 suspended the process of its sale.
Railway news you might have missed:
Tbilisi will receive funding for the modernization of metro stationsFind the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.
Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit