Dundorf

[TheNick]

Dundorfische Bahn and DUT Merge into a Holding
January 5693

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The Bahn-Tower, Dundorfische Bahn's (DB) headquarter in Dunburg.

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Dunburg - Dundorf's state-owned railway company 'Dundorfische Bahn' has completed a year-long negotiation for a merger with DUT, our country's top train manufacturer which has worked for several centuries on contract for the DB, and other countries as well. DUT, officially 'Dundorfische Umzugstechnologien', was founded in the 5250s after then-Chancellor Karlotte Lehmann's historic investment in rail infrastructure which introduced high-speed trains in our country and a dense network of regional trains. For centuries, all over the national network, DB operated the trains DUT built, including the international HSR line from Dunburg to Kasaema.

The merger, sponsored by the Federal Ministry of Infrastructure, aims to create a state-owned holding company which retains the historic name, "Dundorfische Bahn". DB (short for Dundorfische Bahn) will now be capable to design, produce, operate and maintain trains and railtracks, thanks to the added expertise of DUT. This holding, according to Minister Paulsen, will remain 100% state-owned and the entire railway network, considered very strategic by the Government, will remain 100% property of the Federal Government. Mr. Paulsen continued: "The holding will be creating a second company, owned for 70% by DB, responsible for R&D and commercial activities with foreign countries. 30% of the company will be owned by private investors because this company will be listed in the Nordenhaus Stock Exchange. The company name will be 'Dundorfische Bahn Forschung und Handel AG', and it will be established on March 1".

Chancellor Werner clarified that this is not a 'partial privatization' of DB, and that instead this merger allows for greater control of the Federal Government over the national railway network and that ownership remains 100% Dundorfian. Minister Paulsen of the Green Party ended his press conference by saying: "opening up the second company will allow for greater competitivity when it comes to research and development, eyeing new greener technologies for the trains of the future. It's not a privatization, it's a company controlled mostly by the new DB." The DRF is most cold on this merger, but one Bundestag member said to us: "as long as trains remain state-owned, fast and cheap, we will support this act by Minister Paulsen".