DB Schenker sale draws $16B bids from private equity and logistics giants
DB Schenker, the logistics arm of German rail giant Deutsche Bahn, is drawing substantial attention from both private equity firms and logistics corporations. The potential sale of this division could bring in over $16 billion, as per Bloomberg's report.
Among the contenders are prominent private equity firms like CVC Capital Partners and the Carlyle Group. These firms have combined efforts to submit a joint bid. Moreover, they are in talks with Abu Dhabi Investment Authority and Singapore's GIC Pte to bolster their consortium.
The list of potential buyers also includes major logistics companies. DSV, AP Moller-Maersk, and MSC have all shown interest in acquiring DB Schenker. The sale process is proceeding smoothly, with bidders recently submitting refined, non-binding offers.
The sale of DB Schenker is anticipated to generate significant revenue, with over $16 billion at stake. The final decision will be based on the refined offers submitted by the interested parties, which comprise a mix of private equity firms and logistics corporations.
