Deutsche Bahn To Go Public in 2011

Sources say Deutsche Bahn is aiming for a stock market floatation of its rail services and logistics business in 2011, Transport Intelligence reported.

The German rail and logistics group has set specific financial targets for its Mobility and Logistics division, which includes global forwarder and contract logistics company DB Schenker, which would make the business attractive to investors, said Thomas Cullen in the Transport Intelligence report.

Only the group known as DB Mobility and Logistics would be privatized, and the infrastructure portion of Deutsche Bahn would remain under state ownership.