DSV A/S sold new shares for €5 billion ($5.5 billion) without resorting to a discount as a number of high-profile investors bought large stakes in the Danish freight-forwarding company.

DSV has raised €5bn through a share sale to help fund its €14.3bn purchase of DB Schenker. The "oversubscribed" offering was made to institutional

The Danish logistics company is raising funds to buy Schenker, the logistics unit of German state railway Deutsche Bahn. View on euronews

Deutsche Bahn has approved the sale of its freight forwarding business DB Schenker to transport and logistics group and fellow forwarder DSV.

The sale of DB Schenker is an important milestone for DB, allowing us to focus consistently on the reconstruction of domestic rail infrastructure and the operation of environmentally friendly passenger and freight transport in Germany and Europe,

DSV has sold new shares for 5 billion euros (S$7.1 billion) without resorting to a discount, as a number of high-profile investors bought large stakes in the Danish freight-forwarding company. Read more at The Business Times.

Denmark's DSV said on Friday it had raised $5.5 billion in a share issue to partially finance its acquisition of Schenker, a deal that would make it the world's biggest logistics company. Last month,