Deutsche Bahn’s railway cargo subsidiary DB Cargo AG, intends to acquire a 50% stake in Trans-Eurasia Logistics GmbH (TEL). TEL was set up in 2008 as a joint venture company between Deutsche Bahn and RZD, operating container freight trains between Germany and China via Russia.
Currently DB holds 40%, RZD – 30%, TransContainer – 20% and Kombiverkehr GmbH & Co KG – 10% in Trans-Eurasia Logistics GmbH. TEL generated revenues of EUR 19.26m in 2014.
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