DB Schenker sale gets go-ahead
NewsThe Supervisory Board of Deutsche Bahn AG has mandated the Management Board to draw up and prepare the sale of up to 100% of DB Schenker AG
Chinese investors have concluded a deal with Kazakhstan’s national rail company, Kazakhstan Temir Zholy (KTZ), which will result in the former acquiring a 49% stake in Khorgos Gateway dry port. The port and special logistics zone straddles the China-Kazakhstan border, and is a vital port, freight consolidation and transloading centre for train services connecting Asia and Europe. Currently, Khorgos is processing approximately 70 container trains a month (over 670,000 TEU).
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