Deutsche Bahn mulls private share placement, press reports
Reuters: Oct 13, 2008
FRANKFURT - Deutsche Bahn DBN.UL, the German railway operator that last week put its IPO plans on hold, is assessing the sale of stakes in its DB Mobility Logistics unit to institutional investors in private placements, the Frankfurter Allgemeine Zeitung reported.
Chief Executive Hartmut Mehdorn and finance chief Diethelm Sack are looking into potential off-exchange transactions with investment funds in China, Singapore, the Middle East and with Russia's state railway company, the paper reported on Monday without citing its source.
A new IPO date, initially penciled in for November, now looked unlikely given the recent financial market turbulence, the paper said.
Deutsche Bahn had no immediate comment on the report.
(Reporting by Ludwig Burger; Editing by Paul Bolding)