Germany's Railway On Track for Pounds 1.3bn Float

Evening Standard - London › August 25, 2004

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Summary

A STOCK market flotation of German national railway Deutsche Bahn (DB), planned for 2006, is likely to raise at least e2 billion (Pounds 1.3 billion), writes Allan Hall from Berlin.

DB's advisory committee of transport experts, which came up with the figure, also said the company must reduce its debt by between e9 billion and e12.6 billion to attract private investors.

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Germany's Railway On Track for Pounds 1.3bn Float

The committee added that it reckons...

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