Goldman Sachs, Morgan Stanley, and Deutsche Bank have been collectively appointed to undertake the sale…

Goldman Sachs, Morgan Stanley, and Deutsche Bank have been collectively appointed to undertake the sale of the logistics arm of German rail operator, Deutsche Bahn. It is understood that the process will commence during Q3 2023 and a figure for the transaction could be as high as €20 bn ($21.1 bn). Funds raised from the transaction will help the German state-owned rail business to invest in its infrastructure while also cutting existing debt levels.