{"id":124751,"date":"2024-09-11T17:50:14","date_gmt":"2024-09-11T07:50:14","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=56012"},"modified":"2024-09-11T17:50:14","modified_gmt":"2024-09-11T07:50:14","slug":"cvc-amends-offer-for-db-schenker-as-it-trails-dsv","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=124751","title":{"rendered":"CVC amends offer for DB Schenker as it trails DSV"},"content":{"rendered":"

Private equity firm CVC has made a change to its offer for DB Schenker. Its direct competitor for the sale, DSV, is reportedly slightly favoured to come out on top. Now, CVC is raising the stakes.<\/strong>
\n<\/span>CVC is now offering an additional payment of at least 1 billion euros to Deutsche Bahn in case of a future initial public offering (IPO) exit. That offer would stand if the German government goes along with CVC\u2019s bid, in which the state would remain a minority stakeholder in DB Schenker, Reuters writes.<\/p>\n

Two offers<\/h2>\n

Reportedly, CVC made two offers for the logistics company. The alternative is a scenario in which CVC acquires 100 per cent of DB Schenker, and it offers around 14 billion euros for it. In the scenario where the German state remains a minority stakeholder, CVC is willing to put 16 billion euros on the table.<\/p>\n

The private equity firm is competing with DSV for the acquisition of DB Schenker, and the latter was reported by Reuters<\/a> to be slightly ahead in the race. Nevertheless, DSV also sweetened its bid<\/a> by saying that it wants to invest around 1 billion euros in DB Schenker within three to five years to make the business more profitable.<\/p>\n