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DB on track for partial flotation in November: Hartmut Mehdorn, CEO of German Rail (DB), spoke at the annual conference of Britain's Rail Freight Group in London on June 4, where he set out his views on the future development of rail transport in Europe and for DB as it gears up to partial privatisation. David Briginshaw was there to record what Mehdorn had to say.(The last word)(Conference news)
International Railway Journal
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July 1, 2008|
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BEFORE Mehdorn addressed the delegates, I was able to ask him about the planned flotation of DB and its implications, now that the German parliament had given its blessing to the sale of a 24.9% stake in DB's operating division, DB Mobility & Logistics. "We are on target for flotation by the end of the year," Mehdorn told IRJ. "We must do it by then because national elections will take place in 2009, and then the knife will come down.
"Privatisation will allow us to increase investment--we need a lot of new trains and information systems, for example." DB invested ...
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