Troubled Deutsche Bahn sells logistics unit to Danish group …C0NTINUE READING HERE >>>
Deutsche Bahn hopes the sale of its logistics unit will help it pay off its debts.
Photo: Odd ANDERSEN / AFP
Source: AFP
Troubled German rail operator Deutsche Bahn announced Friday the sale of its logistics unit Schenker to Danish group DSV for 14.3 billion euros ($15.8 billion) to create a freight-forwarding giant.
The state-owned German group, which has faced mounting criticism due to creaking infrastructure and poor punctuality, said the deal would provide fresh investments into…
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