Deutsche Bahn privatisation could be sooner

2/18/2008 10:30:50 AM

Deutsche Bahn could be privatised sooner than expected and without seeking parliamentary approval, according to government sources. Sources said a draft of a privatisation contract between Deutsche Bahn and the federal government has already been completed. It is said that the draft proposes Deutsche Bahn place its regional and long-distance passenger business as well as its entire cargo business into the existing-but-dormant subsidiary Stinnes. The subsidiary would be given a new name and act as a holding company, which would then be partially sold off to investors.   CargonewsAsia

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