Deutsche, Goldman, Stanley and UBS booked for Bahn IPO

Germany’s national rail operator Deutsche Bahn has mandated Deutsche Bank, Goldman Sachs, Morgan Stanley and UBS to manage its initial public offering, scheduled for November 5. The deal, which will raise around Eu5bn, will strengthen Deutsche Bank’s position as a market leader in the German equity capital market, in which it currently holds a 20% share by revenue. Goldman Sachs ranks third. On Monday newspaper reports claimed that 80% of the shares in the Bahn privatisation will be reserved for institutional investors. In the IPO, 24.9% of DB Mobility Logistics, the company’s freight and passenger services excluding the rail network, will go on sale to the public. Read EuroWeek on Friday for full details on the deal.