Deutsche Bahn confident of IPO success
AT FIRST glance, it seems that German transport and logistics giant Deutsche Bahn could chose no worse time for an IPO. Parts of the stock market have practically collapsed; the global economic outlook is becoming gloomier by the day and the effects on the transport industry are anything but clear. Nevertheless, the comany’s management is determined to float 24.9% in the logistics and transport business, including its well-known forwarder Schenker, on October 27.
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