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D.Bahn chief says IPO unlikely before 2013-magazine

Sun Aug 9, 2009 10:34am EDT

BERLIN, Aug 9 (Reuters) - German railways operator Deutsche Bahn [DBN.UL] is unlikely to list on the stock exchange before 2013, the group's chief executive said in a magazine interview released on Sunday.

Last October, Germany dropped plans to privatise nearly a quarter of the group's transport, logistics and services business amid financial market turmoil.

"There probably won't be a stock market listing before 2013 or 2014," Deutsche Bahn Chief Executive Ruediger Grube told Der Spiegel magazine.

"The listing isn't an end in itself. It should bring in money for investment in further lasting profitable growth," he added. "In any case, Bahn should not be sold below value, nor should any part of it."



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