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Deutsche Bahn Privatization Gets the Go

German lawmakers have approved a plan to spin off the railway's passenger, freight, and logistics divisions into a holding company, of which 24.9% will be sold

After years of wrangling between Germany's two main political parties, the country's lawmakers have approved a controversial partial privatization of Deutsche Bahn, the national railway company.

Politicans from Germany's grand coalition government, which comprises the center-right Christian Democratic Union (CDU) and the center-left Social Democratic Party (SPD), voted for the sell-off of part of Germany's last major state-owned company. The opposition parties — the far-left Left Party, the Greens and the business-friendly Free Democratic Party (FDP) — opposed the privatization.