Sponsored by
Deutsche Bahn IPO hits the buffers
RUMOUR OF THE DAY
THE initial public offering (IPO) of Deutsche Bahn, the German rail operator, could take place next spring, sources said yesterday.
The German government delayed the planned partial privatisation of the rail operator, which had been due to take place on 27 October, due to "extreme turbulence and uncertainty on global financial markets".
Sources said the German government had hoped to raise 4.5 billion (3.6bn) by floating DB Mobility Logistics, its passenger transport, logistics and service unit.
Concerns about the timing of the IPO had grown amid sharp falls in share markets around the world. Finance minister Peer Steinbrueck said: "As soon as the market permits a successful initial public offering, we're ready to go. The IPO will happen."
Email to a friend
Print this page- Family mourn death of Glasgow ‘fight’ schoolboy
- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 9 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 12 C to 22 C
Wind Speed: 10 mph
Wind direction: North east
