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Deutsche Bahn supervisory board approves preparations for Schenker sale

Exclusive-D.Bahn sees start of Schenker sale in Q3/Q4 next year - document
Exclusive-D.Bahn sees start of Schenker sale in Q3/Q4 next year - document Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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BERLIN - The supervisory board of German rail operator Deutsche Bahn has instructed the company's management to prepare for the possible sale of up to 100% of its Schenker logistics unit, the state-owned company said on Thursday.

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"The concrete start of a sales process and manner of any sale will be decided at a later date," said Deutsche Bahn, adding that the proceeds of a sale should remain entirely within the Deutsche Bahn group and contribute to reducing debt.

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