Germany's state rail operator, 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 activities, known as "DB Mobility Logistics". The tracks and stations are not part of the package and will remain state property. Hartmut Mehdorn, chief executive of Deutsche Bahn, said the company was entering the critical phase of flotation with confidence despite the strained situation on international financial markets.
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