English
Deutsche Bahn AG, the largest railway company in Europe, is considering expanding into Poland and Rumania, and has created a joint-venture with Indian steel company Jindal, Norbert Bensel, head of the company"s logistics unit, DB Schenker, told Financial Times Deutschland. Bensel said Deutsche Bahn is closely following privatisation in Romania, where he expects state-owned logistical companies and cargo unit of state-owned CFR S.A. to be sold for an amount below 100 mln EUR.
Deutsche Bahn is prepared to invest more than 100 mln EUR in Poland, Financial Times Deutschland reported, possibly partnering with Russia"s state-owned railways. "We"re expecting an operating license for our subsidiary there by early 2008," Bensel said. Romanian Transportation Minister Ludovic Orban recently said the State was hoping to obtain at least 1 billion EUR from the privatization of CFR Marfa, the cargo division of CFR S.A., which is scheduled to complete in the second half of 2008.
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