Freshfields advises German rail giant on privatisation and IPO

Freshfields Bruckhaus Deringer‘s Frankfurt office is advising German national rail operator Deutsche Bahn on its planned partial privatisation and IPO on the Frankfurt Stock Exchange.

The complex restructuring of the rail operator will see 24.9 per cent of the logistics, services and public transport arms of Deutsche Bahn going into public hands.

Freshfields is Deutsche Bahn’s long-standing adviser, having previously advised it on Germany’s state rail reforms as well as on the takeover of the logistics company Stinnes/Schenker.

Clifford Chance‘s Frankfurt office, meanwhile, scooped a role on the IPO, advising the German finance ministry Bundesfinanzministerium. The instruction is the firm’s first notable role for the German government, although it did act on the part-privatisation of Juris seven years ago, reports German magazine Juve.

Clifford Chance capital markets partner Markus Pfüller, and corporate partners Thomas Gasteyer and Heinz-Günter Gondert led the teams.

The Freshfields team is led by corporate partner Thomas Bücker and finance partners Andreas König and Christoph Gleske.

The German ministry for transport Bundesverkehrsministerium was advised by Düsseldorf firm Hölters & Elsing.