Deutsche Bahn AG plans to buy Romtrans SA, a Romanian transport company, FT Deutschland reported, without saying where it got the information.
The purchase, costing 80 million euros ($118 million) to 100 million euros, would enable Berlin-based Deutsche Bahn to expand in the rapidly growing eastern European market, the German newspaper reported. Deutsche Bahn also foresees the acquisition helping boost interest in the initial public offering of the DB Mobility Logistics AG train division in which it aims to sell a 24.9 percent stake in late October, FT Deutschland said.
Romtrans reported sales of 78 million euros in 2007 and has a workforce of 1,300, the newspaper reported. The company isn't ``especially profitable,'' FT Deutschland said, citing unidentified people familiar with the company.
The purchase, costing 80 million euros ($118 million) to 100 million euros, would enable Berlin-based Deutsche Bahn to expand in the rapidly growing eastern European market, the German newspaper reported. Deutsche Bahn also foresees the acquisition helping boost interest in the initial public offering of the DB Mobility Logistics AG train division in which it aims to sell a 24.9 percent stake in late October, FT Deutschland said.
Romtrans reported sales of 78 million euros in 2007 and has a workforce of 1,300, the newspaper reported. The company isn't ``especially profitable,'' FT Deutschland said, citing unidentified people familiar with the company.
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