GERMAN transport giant deutsche Bahn is preparing for the sale of its freight forwarding subsidiary DB Schenker as it looks to focus on its core rail business, reports London's Air Cargo News.
The rail group said it has assigned its management board to examine and prepare the case for a potential sale of up to 100 per cent of its shares in DB Schenker, the world's fourth-largest air freight forwarder.
'Decisions as to the categorical initiation of a divestment process and the form any sale may take will be made separately at a later date,' the company said.
The company reasoned that selling its forwarding business would allow it to sharpen its focus on its Strong Rail Strategy and core business.
'The objective of the group strategy, which was launched in 2019, is to shift traffic to environmentally friendly rail, in both passenger and freight transport, and to expand the rail infrastructure in Germany,' the company explained.
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The rail group said it has assigned its management board to examine and prepare the case for a potential sale of up to 100 per cent of its shares in DB Schenker, the world's fourth-largest air freight forwarder.
'Decisions as to the categorical initiation of a divestment process and the form any sale may take will be made separately at a later date,' the company said.
The company reasoned that selling its forwarding business would allow it to sharpen its focus on its Strong Rail Strategy and core business.
'The objective of the group strategy, which was launched in 2019, is to shift traffic to environmentally friendly rail, in both passenger and freight transport, and to expand the rail infrastructure in Germany,' the company explained.
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