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Reports of potential DB Schenker sale rampant ahead of government formation in Germany

Germany's new government was officially installed today. According to German media, coalition parties have struck a secret deal related to the state-owned Deutsche Bahn's divestment of DSV rival DB Schenker. DSV has previously expressed interest in a purchase.

Photo: Rolf Vennenbernd/AP/Ritzau Scanpix

Tuesday afternoon, a new government agreement was signed in Germany by the Social Democratic Party of Germany, the Greens and the Free Democratic Party.

Earlier on Wednesday, 63-year-old Social Democrat Olaf Scholz, who takes over from Angela Merkel after a 16-year Conservative tenure, has been approved by a clear majority of 395 votes from 707 votes cast in the German parliament.

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