Deutsche Bahn, DSV and Schenker
Deutsche Bahn supervisory board narrowly clears sale of Schenker to DSV
Deutsche Bahn's supervisory board on Wednesday narrowly approved the sale of its profitable logistics business Schenker to Denmark's DSV, batting away union opposition and pushback from rival bidder CVC.
Deutsche Bahn Approves €14.3 Billion Logistics Unit Sale to DSV
DSV A/S won approval to buy Deutsche Bahn AG’s logistics unit for €14.3 billion ($15.8 billion), overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.Most Read from BloombergGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA 7,
Deutsche Bahn approves sale of DB Schenker to DSV
Deutsche Bahn has approved the sale of its freight forwarding business DB Schenker to transport and logistics group and fellow forwarder DSV.
Deutsche Bahn’s €14 Billion Unit Sale Faces Decisive Vote
Deutsche Bahn AG’s planned €14.3 billion ($15.8 billion) sale of its logistics arm is facing a decisive vote Wednesday.
Schenker sale to DSV approved
Switzerland-based DSV added to its stable of logistics providers, buying Schenker from the debt-laden German national railway. The post Schenker sale to DSV approved appeared first on FreightWaves.
Deutsche Bahn supervisory board clears sale of Schenker to DSV, sources say
The supervisory board of German state railway operator Deutsche Bahn has approved the sale of its profitable logistics unit Schenker to Denmark's DSV, board sources said on Wednesday, batting away pushback from spurned bidder CVC.
Deutsche Bahn Supervisory Board approves sale of DB Schenker to DSV
The Supervisory Board of Deutsche Bahn approved the sale of DB Schenker to Danish transport and logistics group DSV at an extraordinary meeting on Wednesday. DSV announced its biggest transaction to date after signing an agreement to acquire DB Schenker from Deutsche Bahn on September 13, 2024 for an enterprise value of €14.3 billion.
Board at German railway DB approves sale of freight subsidiary
The board of Germany's state-owned Deutsche Bahn railway approved the sale of the logistics subsidiary DB Schenker to the Danish firm DSV on Wednesday. A majority of Deutsche Bahn's supervisory board voted in favour of the deal,
Deutsche Bahn plans further major cutbacks and redundancies
In September, the CEO of Deutsche Bahn (DB) Richard Lutz presented a new “General Renovation Programme” to the company’s ...
Air Cargo News1d
DSV raises €5bn to part fund Schenker acquisition
DSV has raised €5bn through a share sale to help fund its €14.3bn purchase of DB Schenker. The "oversubscribed" offering was ...
Transport Topics1d
DSV Starts $5.5 Billion Share Sale for DB Schenker Takeover
DSV received commitments from investors for more than half of a $5.5 billion sale of new shares as the Danish ...
Deutsche Bahn Calls CVC’s Last-Attempt Schenker Bids ‘Inferior’
Deutsche Bahn AG said bids submitted after the deadline by private equity fund CVC Capital Partners Plc. remain “inferior” to ...
Supply Chain2d
DSV Wins Approval for €14.3B Sale to Become World's Largest Freight Forwarder
The purchase will make DSV the world’s largest freight-forwarder and turn it into Denmark’s second-largest company by revenue.
Transport Topics2d
Deutsche Bahn Approves Logistics Unit Sale to DSV
DSV won approval to buy Deutsche Bahn’s logistics unit for $15.8 billion, overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.