Deutsche Bahn AG is open to selling its DB Schenker logistics unit, which could be valued at as much as €20 billion ($21.3 billion), to a financial or strategic investor, the company wrote in a management letter seen by Bloomberg.
The German railroad operator is weighing to sell a stake or make a full divestment, according to the letter written by Schenker’s Chief Executive Officer Jochen Thewes and Deutsche Bahn’s Chief Financial Officer Levin Holle. “Everything is on the table,” the pair wrote in the joint letter.
