The main problem confronting DB is its domestic business in Germany, which has been damaged by recent losses of passengers to competing coach operators
THE German state-owned operator Deutsche Bahn has revealed that the effects of repeated strikes over the past year have left the company reeling and looking for cash. As a result, it is considering partial sell-offs of its subsidiaries Arriva and also Schenker,which has the largest share of the railfreight market in Britain, but DB insisted that it was only looking for minority investors. It also warned that some jobs will be lost, with some sources speaking of 5,000 German redundancies looming in the freight sector alone.
DB has hired investment bankers Lazard to explore options for Arriva which could include a stock market flotation, Reuters reported.
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