Deutsche Bahn Said to Prepare $23 Billion Schenker Sale (1)

German national railway operator Deutsche Bahn AG has taken the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit, which could be around 20 billion euros ($23 billion), people familiar with the matter said.

The government-owned company is working with a consultant and legal advisers to ready the business for a possible transaction later this year, said the people, who asked not to be identified because discussions are private. Options being considered range from a full or majority stake sale, to the potential disposal of a minority holding or an initial public ...