The logistics company could be separated from Deutsche Bahn.
(Photo: dpa)
Berlin According to insiders, after a long struggle, the federal government has decided to sell the international rail logistics subsidiary Schenker. A federal and railway working group recently made the decision in principle, government and industry representatives told the Reuters news agency on Thursday.
According to this, the supervisory board of the state-owned company should approve the sale this year if possible, probably in a special meeting. Both a direct sale and an IPO are options. One does not want to be put under time pressure, a sale is only conceivable in 2024. Neither the leading Federal Ministry of Transport nor the railways wanted to comment on the information.
Schenker, with its 75,000 employees worldwide, accounts for more than a third of Deutsche Bahn’s turnover. In the first half of 2022, the division made an operating profit of almost 1.2 billion euros, putting the entire group back in the black. The value of the company is currently estimated in financial market circles at between 12 and 20 billion euros, but depends heavily on the global economy as a result of the Ukraine and energy crises.
Deutsche Bahn is heavily indebted and needs money for investments. In addition, the international logistics business is not considered a core task of the state company, especially by the Greens and FDP.
Top jobs of the day
Find the best jobs now and
be notified by email.
More: Too small, too tight, too dilapidated: why the rail network is collapsing