Deutsche Bahn, Germany's national railways company, has postponed its planned partial privatization of its passenger and goods operations until after the stock market settles.
The state-owned group had been looking at offering just under 25 percent of its DB Mobility Logistics division on October 27. The Finance Ministry and Deutsche Bahn said in a joint statement that the delay was because of the "extreme insecurity on financial markets and the need to obtain a fair price". Deutsche Bahn had hoped to raise up to 5 billion euros from the sale, which, according to Tagesspiegel newspaper, is now scheduled for February 2009.
(Deutsche Welle)
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