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Uwe Grambow has trimmed fat, but former East German line has yet to find a wealthy suitor.
The collapse of the Berlin Wall was one of the euphoric moments of the 1980s. For DSR Lines, it was also sobering.
Reunification is serious business for the former steamship line of East Germany. By the end of 1993, the German government wants to get rid of DSR.
It's nothing personal -- just the government-imposed deadline to either sell or liquidate enterprises once owned by the East German government.
Treuhandstalt, the German agency that now owns DSR, has already disposed of more than three-quarters of its portfolio. About 3,800 companies from the east -- DSR among them -- are left.
DSR faces choppy seas in its journey to the safe harbor of private ownership rather than cold calculation of an asset sale. In 1991, the liner company lost about 165 million marks, or $118 million.
Revenue In Dollars. This year's results will be better, but not within budget, which predicted a 50 percent deficit reduction. The falling dollar, the major currency for its revenues, is partly to blame. DSR planned for the dollar to trade at 1.70 marks in …