Rail

Deutsche Bahn launches takeover bid

Posted on July 5, 2002

Deutsche Bahn, Germany's national railroad, is launching a takeover bid for Stinnes AG, a logistics company majority owned by utility giant E.On AG. The state-owned Deutsche Bahn said it would offer $32.31 per share, a deal under which E.On said it would receive roughly $1.58 billion, reported the Associated Press. Deutsche Bahn plans to put Stinnes in charge of its logistical operations. The transaction requires approval from German ministerial and European Union antitrust officials, said the AP.

View comments or post a comment on this story. (0 Comments)

More News

Md.'s Light RailLink re-opens 3 days ahead of schedule

The repair work involved cutting and removing sections of track, gravel, and soil; pipe building; and excavation.

Metrolink lands $6.5M grant for rail improvement program

The "SCORE" program is a $10 billion plan to improve regional rail in time for the 2028 Los Angeles Olympic Games.

L.A. Metro, railcar manufacturers discuss forging unique partnership

Some ideas discussed include locating a full-scale facility where passenger railcars could be designed, manufactured, and tested.

Atiyeh joins HNTB’s national rail systems team

Former project manager on I-255 Light Rail Project in Denver brings technical expertise and leadership experience to California.

MTA, union launch 'all-out blitz' after rail conductor assault

Actions being taken by the agency and the union include, posting “wanted” flyers throughout the subway system.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation