{"id":135025,"date":"2024-09-30T21:24:51","date_gmt":"2024-09-30T11:24:51","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=56639"},"modified":"2024-09-30T21:24:51","modified_gmt":"2024-09-30T11:24:51","slug":"deutsche-bahn-db-schenker-sale-to-cvc-would-have-been-illegal","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=135025","title":{"rendered":"Deutsche Bahn: \u2018DB Schenker sale to CVC would have been illegal\u2019"},"content":{"rendered":"

Deutsche Bahn (DB) is legally obliged to sell DB Schenker to DSV. A decision in favour of contender CVC would have constituted illegal aid, DB says. CVC\u2019s protest against the DSV win in the DB Schenker race is supposedly based on a faulty analysis of the submitted offers.<\/strong>
\n<\/span>“Like any responsible owner, DB is selling its logistics subsidiary DB Schenker at the end of a clearly structured sales process to the party that made the highest and most attractive bid, and that was DSV. We are also obliged to do so, otherwise this would constitute illegal aid\u201d, DB says in a statement.<\/p>\n

DSV submitted the best offer for DB Schenker, putting it ahead of equity firm CVC, according to DB. After the initial deadline, DSV even raised the stakes, but that had no impact on the sale decision.<\/p>\n