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Deutsche Bahn to sell minority stake in Arriva and DB Schenker businesses

Deutsche Bahn (DB) will sell a minority stake in rail passenger unit DB Arriva, its international passenger transport business and DB Schenker logistics. DB’s Supervisory Board tasked the management board to develop a concrete implementation plan for a for a third-party minority holding in the two companies and a final decision is expected this Autumn.The Supervisory Board and Management Board intend to take this step to financially secure the largest quality and investment campaign in the company’s history and to invest further in the successful growth of DB Arriva and DB Schenker.

“If we don’t take measures, the Group’s debt will substantially increase by 2020. A third-party equity interest limits the level of debt and creates the financial scope necessary to continue the quality and investment campaign in Germany”, stated Prof. Utz-Hellmuth Felcht, Chairman of DB’s Supervisory Board. From 2016 to 2020 DB Group gross investments will reach approximately EUR 55 billion, of which 90 percent will be directed towards rail operations in Germany. Of the total investment, EUR 20 billion must be financed from DB own sources. “Our express intention is for DB Arriva and DB Schenker to continue to be fully consolidated in DB’s balance sheet,” stated DB Management Board Chairman Dr. Rüdiger Grube.

As part of the Group’s restructuring, DB’s supervisory board has decided to dissolve the two – tier holding structure of Deutsche Bahn (DB AG) and DB Mobility Logistics (DB ML). DB BL will be merged with DB AG. This will apply retroactively to the balance sheet as of 1st of January 2016. The decision was made because the DB ML AG IPO that was cancelled in 2008 due to the financial crisis is no longer being pursued.

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