{"id":125424,"date":"2024-09-12T19:31:15","date_gmt":"2024-09-12T09:31:15","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=56065"},"modified":"2024-09-12T19:31:15","modified_gmt":"2024-09-12T09:31:15","slug":"dsv-wins-race-to-buy-db-schenker","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=125424","title":{"rendered":"\u2018DSV wins race to buy DB Schenker\u2019"},"content":{"rendered":"

DSV has won the battle for DB Schenker. The Danish logistics company has come out on top over equity firm CVC, and will be paying around 14 billion euros for the Deutsche Bahn (DB) subsidiary. The deal still needs to be approved by DB\u2019s supervisory board.<\/strong>
\n<\/span>Only CVC and DSV remained as contenders for the acquisition of DB Schenker, after Maersk and Saudi shipping company Bahri dropped out of the race earlier this summer. Now, it is Danish DSV that is reportedly coming out on top. It would propel the company forwards to become the largest freight forwarder in the world.<\/p>\n

The finalisation of the race was reported by both Reuters and Bloomberg, citing sources in the government and DB. The supervisory board of DB will convene in an extraordinary meeting in the coming days to approve the deal, writes Reuters.<\/p>\n