BERLIN (Reuters) – Danish logistics firm DSV won the race to acquire Schenker, the rail logistics arm of German state train Deutsche Bahn, resources at the train and at the German federal government claimed.
The resources claimed an initial agreement for the deal, worth some 14 billion euros, would certainly be checked in coming days. The bargain needs to be authorized by DB’s managerial board, made up primarily, however not solely of federal government, legislative and union reps.
A representative for DB decreased to discuss the record. DSV claimed it did not discuss market rumours.
Financial capitalist CVC was the various other competitor staying in the race to acquire Schenker, which according to its internet site has greater than 70,000 workers in 1,850 places worldwide.
(Writing by Thomas Escritt; Editing by Chris Reese)
