BERLIN, Oct 24 (Reuters) – The German government is considering selling at least a part of Schenker, the logistics arm of rail operator Deutsche Bahn, according to a Finance Ministry document seen by Reuters.
The document was sent to parliament’s budget committee, which had asked the ministry for proposals on how to stabilise state-owned Deutsche Bahn’s finances.
The ministry wrote: “A complete or a partial sale of Schenker AG could be taken up again.”
The budget committee asked for possible plans to improve Deutsche Bahn’s liquidity after the government provided the rail operator with a cash injection of 2 billion euros ($2.35 billion).
Deutsche Bahn last year hired banks to help it float its Arriva international passenger transport system as well as Schenker with the goal of raising 4.5 billion euros.
A finance ministry spokeswoman confirmed the letter had been sent to the budget committee but declined to comment on its content.
Two German parties that are exploring forming a coalition with Chancellor Angela Merkel’s conservatives support the idea of selling state assets, including a stake in Commerzbank .
The pro-business FDP and the Greens want to use the proceeds to fund investments in education and modern digital infrastructure.
Schenker was two years ago valued at 4 billion-5 billion euros.