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June 4, 2008
Germany Plans to Privatize Freight Railroad
Last Friday, according to the decision passed by Germany's parliament, the Bundestag, Deutsche Bahn's passenger, freight and logistics railway divisions will be spun off into a holding company, of which 24.9 percent will be privatized. The government plans to partially privatize Germany's national railway with an IPO in November that could raise up to €8 billion ($12.4 billion).
According to Deutsche Bahn's CEO, Harmut Mehdorn, "It's a good day for customers, taxpayers and employees."
June 4, 2008 in Government and Business | Permalink
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