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Germany, Russia: RZD still interested in DB's stake

December 2008.

According to Reuters referring to the CEO of Russian Railways, Vladimir Yakunin, RZD still wants to purchase a minority stake in Deutsche Bahn and has held talks with investment bank Rothschild to this end.


The German government said in October it had decided to postpone a planned initial public offering (IPO) of shares in Deutsche Bahn due to weak market conditions.

Vladimir Yakunin told daily Die Welt his company, Russian state rail monopoly, was waiting for a decision to be taken on how the IPO plans would unfold.

- But our aim, to acquire a minority stake, remains,- he told the newspaper, adding that Russian Railways had recently spoken to Rothschild about taking a stake in Deutsche Bahn.

Russian Railways had also established that Bahn Chief Executive Hartmut Mehdorn was still interested in the Russian group taking a stake in the German rail operator,- Yakunin said.

- Rothschild confirmed the Germans' interest in Russian Railways acquiring an equity stake in Deutsche Bahn,- he added.

The planned partial privatisation of Deutsche Bahn would have been Germany's biggest IPO since 2000. Deutsche Bahn had planned to float almost 25 percent of DB Mobility Logistics AG on Oct. 27.



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