German national rail carrier Deutsche Bahn has announced its long-awaited stock market listing for October 27.
The company said in a statement in Berlin that it plans to sell an initial 24.9 percent stake in its main transport unit DB Mobility Logistics. The tracks and stations are not part of the package, and will remain state property. Deutsche Bahn, or German Rail, CEO Hartmut Mehdorn said the company was entering the critical phase of the initial public offering process with confidence, despite the current turbulence in the international financial markets.
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