Deutsche Bahn Seeks Sovereign Funds for IPO, Handelsblatt Says

By Aaron Kirchfeld

Sept. 23 (Bloomberg) — Deutsche Bahn AG, the state-owned railway, is seeking to sell shares to sovereign wealth funds in the Middle East and Asia during the initial public offering, Handelsblatt said, without saying where it got the information.

Road shows in the two regions have generated an “encouraging response” and Deutsche Bahn expects Middle Eastern and Asian investors to buy smaller stakes, the newspaper said.

China’s sovereign fund China Investment Corp. has voiced interest, Handelsblatt said. The first listing of shares in DB Mobility & Logistics is planned for Oct. 27, the newspaper said.

To contact the reporter on this story: Aaron Kirchfeld in Frankfurt at [email protected].

 

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