Deutsche Bahn AG is closer to coming public. A report out of FT has noted that the German rail operator has already prepared the guts of its prospectus for its the planned initial public offering. It is also said that an advance report to be published Wednesday.
Past reports have shown that a 25% to 25% stake would be sold, and this looks like a call for about 24.9% of the company would be listed under the name "DB Mobility &
Logistics."
The German railway company plans to acquire several logistics firms within the next weeks in places such as in Italy and the U.K., according to the report. On a dollar-adjusted basis, you could expect a sale for the public float of some $4.8 billion to $7.9 billion.
If there is a privatization that has been in the works for an eternity, it is this one.
Deutsche Bahn AG closer to IPO
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