Deutsche Bahn has officially launched the sale of DB Schenker, its logistics arm, with an open and non-discriminatory process outlined for prospective buyers. The condition for sale emphasises substantial economic benefits for Deutsche Bahn.
Banking sources estimate DB Schenker’s value at up to €20 billion ($22 billion). The DB Group plans to utilise the sale proceeds, primarily focused on debt reduction, emphasising a strategic shift towards its core rail business.
The move aligns with Deutsche Bahn’s commitment to eco-friendly rail services, aiming to boost cargo and passenger volumes. The Supervisory Board assigned DB’s Management Board the task of evaluating the potential sale, with the final decision contingent on a separate resolution at the conclusion of the process.
DB Schenker, operating in 130 countries with 76,600 employees, reported a 29 percent revenue decline to €11 billion and a 47 percent earnings drop to €626 million in the first half of 2023.