Deutsche Bahn to Sell Profitable Logistics Unit DB Schenker

Sale part of strategy to focus on core business and reduce debt

Deutsche Bahn, Germany's main national railway operator, has launched an effort to sell its logistics unit, DB Schenker.
DB Schenker has about 76,600 employees in more than 130 countries and has been a significant profit generator for Deutsche Bahn.
The sale of Schenker is part of Deutsche Bahn's strategy to focus on its core business and improve service at home, where it has struggled with reliability issues.
Deutsche Bahn has already sold several business units outside Germany, including European public transport subsidiary Arriva.
The proceeds from the sale of Schenker will be used largely for reducing Deutsche Bahn's debt.