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Article: DB for sale: after many years of political wrangling, the controversial part-privatisation of German Rail (DB) is likely to begin within weeks. Keith Barrow examines the state of DB on the eve of its historic IPO.(Germany)
- Article from:
- International Railway Journal
- Article date:
- September 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NOVEMBER will be a landmark month for proponents of the privatisation of German Rail (DB), as the first shares in its operating division go on sale after a protracted battle to bring private sector capital into Europe's largest railway.
DB's privatisation plans have been scaled back significantly over the last two years in an effort to clear a succession of political hurdles. Plans to sell up to 49% of the entire company, including infrastructure, were rejected by the upper house of the German parliament last year, despite receiving the backing of both main political parties in the coalition government, which is formed of the centre-right CDU and the centre-left ...