[Disclaimer: The description below generated by AI.]

Resolution criteria

Deutsche Bahn is considering selling DB International Operations, according to reports from Handelsblatt citing multiple company managers. The market resolves YES if Deutsche Bahn completes the sale of DB International Operations (or substantially all of its assets) by December 31, 2026. The market resolves NO if no such sale is completed by that date.

Resolution will be determined by official announcements from Deutsche Bahn, regulatory filings, or credible news reports confirming the completion of a transaction. A binding agreement to sell counts as YES only if the sale closes by the deadline.

Background

DB International Operations is a 100% subsidiary of Deutsche Bahn founded in 2017. The subsidiary operates trains in India, Uruguay, and Egypt. Together with sister company DB Engineering and Consulting, DB International Operations generated annual revenue of nearly one billion euros with an operating profit of 35 million euros.

Deutsche Bahn completed the sale of DB Arriva in May 2024 and DB Schenker in April 2025, signaling a strategic shift toward focusing on core rail operations in Germany and Europe.

Considerations

The fate of DB Engineering and Consulting, a sister company, remains unclear, as part of it works on German infrastructure projects including the Riedbahn renovation between Frankfurt and Mannheim. Any sale may need to address how to separate international operations from domestic German infrastructure work.