German state railway Deutsche Bahn said on Friday its rail-operating unit DB Mobility and Logistics (DBML) will be floated on the stock market on October 27, a decision intended to show the group and the government will not be blown off course by global financial turmoil.

Deutsche Bahn and Hartmut Mehdorn, DBML chief executive, said discussions with investors had rendered “a good deal of positive feed-back”. The company would now start the final phase of the sale of 24.9 per cent of DBML stock.