May 6 - Deutsche Bahn (DB) has announced plans to move forward with the sale of a stake in its DB Schenker forwarding and logistics business.
An official statement indicated that the DB management board will develop an implementation plan for a third-party minority holding in DB Schenker, as well as its international train and buses arm, DB Arriva.
The size of the sale was not indicated but some reports suggest as much as 40 percent.
DB supervisory board chairman, Professor Utz-Hellmuth Felcht said the action would help resolve a growing debt crisis at DB: "If we don't take action, the group's debt will increase substantially by 2020. A third-party equity interest limits the level of debt and creates the financial scope necessary to continue the quality and investment campaign in Germany."
A final decision on the matter is planned for this coming autumn said the company.
